Update on Carlos IgnacioCarlos Ignacio is a customer of Kubo Financiero and this is his story:
Carlos is 30 years old and single. For 12 years he has worked in run a mototaxi business.
He is the owner of five mototaxis which operate in a housing complex, giving work to four of its residents as well as himself. He began with bicycles and little by little was able to buy motorbikes. He is asking for a loan to buy more motorbikes to provide more work for the community and earn a greater income.
Through his hard work in his business, Carlos hopes to improve his personal life and to trade some of the bicycles he still has for motorbikes. His goal is to buy a taxi.
Carlos tiene 30 años y es soltero, él se dedica al servicio de transporte en mototaxi desde hace 12 años.
Él es dueño de 5 mototaxi que operan en una unidad habitacional, da a trabajar cuatro de esas unidades y él opera la otra. Inició con bicicletas y poco a poco logró adquirir motos. Este préstamo lo pide para comprar más motos, darlas a trabajar y así tener mayores ingresos.
Con el esfuerzo de su negocio Carlos quiere obtener beneficios en su vida personal, mejorar algunas bicicletas que le quedan a motocicletas y su reto es adquirir un taxi.
Previous Loan DetailsCarlos is a Kubo Financiero client. This is his story. "My name is Carlos, I am 30 years old and have been working as a motorcycle taxi driver for the last 12 years. I started first with a bicycle and then with hard work and savings I upgraded to a motorcycle. Now, I have four vehicles. My… More from Carlos Ignacio's previous loan »
About Kubo.financieroKubo.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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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