Hipólito is a small business owner, client of Kubo Financiero and this is his story:
Hipólito is 35, married and has three children; two of whom study in primary school. His wife is named Olga and they have been married for 13 years. He considers his family to be very united.
In his business, which is located in the center of the neighborhood where he lives, he sells dairy products, groceries and soda. He and his father, with whom he appears in the photo, look after the store. They have a large amount of customers.
He will use the loan to improve his business and have more income by adapting his truck to be able to transport merchandise. Thanks to his business Hipólito has achieved creating an inheritance for him and his family, as well as making his business grow. His main challenge is maintaining himself as a merchant, given that there is much competition in the area.
Hipólito es un microempresario, cliente de Kubo Financiero y esta es su historia:
Hipólito tiene 35 años, está casado y tiene tres hijos; dos de los cuales estudian la primaria. Su esposa se llama Olga y tiene 13 años de casado; él considera a su familia muy unida.
En su negocio, que está ubicado en el centro de la colonia donde vive, vende cremería, abarrotes y refrescos. La tienda la atienden entre su papá, con quien aparece en la foto, y él y tienen una gran cantidad de clientes.
El crédito lo utilizará para mejorar su negocio y tener más mayores ingresos adecuando su camioneta para poder transportar mercancía. Gracias a su negocio Hipólito ha logrado crear un patrimonio para él y su familia, así como hacer crecer su negocio. Su principal reto es mantenerse como comerciante, ya que existe mucha competencia en la zona.
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.