Juana is a Kubo Financiero client and this is her story.
Hello my name is Juana, I am 67 years old and I am a mother of 5 adult children. I have been a merchant of household items for most of my life. I live in Mexico City in a neighborhood called Iztapalapa.
I will use this credit to purchase merchandise such as quilts, blankets, blenders, toasters and dishes. With this credit I will be able to deliver orders to my customers on time. My biggest accomplishment is to be financially independent and my main challenge is to have a better life.
I think that if you work hard nothing is impossible, that's why I always have the initiative to overcome obstacles. I am a responsible person who believes in fulfilling commitments. In the past I acquired many loans and I have never been late on my payments.
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.