Roberto is a Kubo Financiero client and this is his story.
Hello my name is Roberto, I started selling chicken 30 years ago, a friend invited me and seeing that it was a business with good profit margins I decided to continue. Now I own two small shops where I sell chicken, eggs, and other stuff such as mole and chile seco. I will use the loan to buy chickens and eggs, because my sales are increasing. I am creditworthy because I pay my loans on time, in fact this will be my second loan with Kubo Financiero, and the first one I payed on time.
I live with my wife and two sons, my biggest accomplishment is being able to build my house and have some financial stability.
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.