Update on EvaristoEvaristo is a client of Kubo Financiero, and this is his story:
Evaristo is married, and his wife is named Maria Guadalupe. They do not live together but consider their marriage very strong. Evaristo works selling and renting timber and formwork. He also sells new and used wood. He has been working in this business for 25 years. His main achievement is having a home and having kept the business for over 25 years. His goal is to maintain a stable future. He considers himself a responsible person that pays well and does not like to look bad.
Evaristo esta casado y su esposa se llama Maria Guadalupe, ellos viven solos pero se consideran un matrimonio muy solido.
El se dedica al alquiler y venta de madera y cimbra, también a la venta de madera nueva y usada. Evaristo trabaja en este negocio desde hace 25 años. Su principal logro es tener una casa propia y haber mantenido su negocio por más de 25 años. Su meta es mantenerlo estable a futuro. El se considera una persona responsable, por que paga bien y no le gusta quedar mal.
Previous Loan DetailsEvaristo Villa is a Kubo Financiero client and this is his story: My name is Evaristo. I am 54 years old and live with my wife Maria Guadalupe - we are a solid couple. I sell and rent wood and formwork and have been doing it for the last 25 years. The name of my project is First Quality Wood ... More from Evaristo'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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