Luis is a Kubo Financiero client and this is his story.
Hello my name is Luis, I am 67 years old and have been married for the last 44 years. When I got married I started my tortilla shop, with this business I have been able to support my family and give them a decent life.
I will use this credit to buy tortilla flour and for other working capital needs. I am a responsible person who always fulfills his commitments. My biggest accomplishment in life is to own two houses and to provide a job for my children.
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.