Santiago is a Kubo Financiero client and this is his story.
Hi my name is Santiago, I am 38 years old, married and have two kids. I have a grocery store in front of some schools. I opened almost 14 years ago and fortunately I have been able to make it grow. I am always looking for ways to improve it and make my business grow. I want to use the loan to refurbish the store and making it safer from thieves, also to buy some groceries and other inventory.
I believe I am credit-worthy, because I have had loans in the past and have always payed 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.