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Additional Information

About Kubo.financiero

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.

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About Mexico

  • $15,600
    Average annual income
  • 19
    View loans »
    Mexico Loans Fundraising
  • $18,764,025
    Funds lent in using Kiva
  • 13.4
    Mexico Pesos (MXN) = $1 USD
Ended with Loss - Defaulted
A loan of $1,500 helped this borrower to repair the truck used in her business and to restock her inventory.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jan 30, 2014
Listed
Feb 2, 2014
Currency Exchange Loss:
Possible
Defaulted:
Sep 12, 2014