Alberto is a Kubo Financiero client and this his story.
Hello. My name is Alberto. I have been happily married for the last 18 years and have two beautiful daughters, Diana Guadalupe and Paola Guadalupe. Both go to school. I am a car mechanic and fortunately I have many recurring clients. I am changing my car shop from a place that I rent, to my house. By doing that, I will be able to save some money in the rent that I am paying. I will use the loan to refurbish the place. In general, my clients seek me, they tell me what is wrong with their cars, and I provide them with a budget. Once they agree, I start fixing the car. I have been a car mechanic for the last 30 years and have owned my car shop for the last 14 years.
My biggest accomplishment is owning a business and a house and sending my daughters to school. My next goal is to make my business grow. I believe I am a credit-worthy person because I always pay my debts on time.
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.