Guadalupe is a Kubo Financiero Client and this is her story:
My name is Guadalupe and I am 38 years old. I live with my husband and my two children in Mexico City, in a neighborhood called Iztapalapa. I have been in my business for 10 years. I sell different kind of stuff depending on the season. Sometimes I sell toys and clothes, and sometimes jewelry such as earrings, bracelets, necklaces, chains and rings made of gold. I also sell coffee, chocolate, sandwiches and other meals on sundays for breakfast.
I will use this credit to buy gold bangles, chains and rings for my jewelry business. For my breakfast business I will use the credit to buy tuna and sugar in bulk because it is cheaper. With this loan, I am hoping to expand my business and to gain higher profits. My biggest accomplishments are expanding my business, buying land and giving my two children a good education.
Kubo.financiero is a regulated microfinance institution that provides accessible and affordable loans to borrowers in Mexico. Its online banking platform and other innovations enable Kubo to charge interest rates that are much lower than the average for MFIs in Mexico. By doing business in a new way -- leveraging technology and customized risk profiles -- the organization is able to support microfinance clients throughout the country. With funds from Kiva lenders, Kubo is able to expand its lending network even further, reach riskier clients who have less credit history, decrease interest rates for borrowers, and scale its service area.