Maria Itzel is a Kubo Financiero client and this is her story.
Hello, my name is Maria Itzel. I am 42 years old and live in Valle de Chalco in Mexico City. I am married and have two small children that go to school. We all live in my mother´s house.
I will use the loan to buy inventory for the new season. I sell girl's clothes and like to have an up-to-date inventory for each season. I sell in flea markets and have been doing so for the last twenty years, so I have many recurring clients. My biggest accomplishment is being an independent woman that through hard work and dedication has been able to start and sustain a business. My next goal is to buy my own house.
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.