Emilia is a Kubo Financiero client and this is her story.
Hi my name is Emilia. I am 40 years old and have been working for the last 10 years. I started my food stall, in which I sell Mexican food. I enjoy working because I get to meet many people. I also earn extra income by helping a friend sell vitamin and food supplements, and she gives me a percentage of each sale. I live with my partner and have four sons. We all live with my mother. I will use the loan to refurbish my food stall and buy some chairs and inventory. I believe that if I improve the presentation, I will be able to get more clients.
My biggest accomplishment has been providing financial stability to my family.
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.