Alvaro is a client of Kubo Financing and this is his story.
Alvaro lives with his partner and they have three children. They own a home and a business where they buy wrecked and abandoned cars, take them apart and sell the pieces for repairs. They also have two tow trucks and they provide the service to people who need it. He says their main achievement was beginning their business 7 years ago, when it was very small. Thanks to their perseverance they have been able to grow it.
Alvaro is asking for a loan because he wants to grow his business and open another one in a different zone, which one of his sons will run. He considers himself to be responsible and polite. Alvaro says, "they can check my credit history, I have always paid my debts".
Alvaro es un cliente de Kubo Financiero y esta es su historia.
Alvaro vive con su pareja y tiene 3 hijos, tienen una casa propia y un negocio donde comprar autos chocados y abandonados, ellos los desarman y venden las piezas para refacciones. También tiene dos grúas y da servicio a personas que las requieren. El dice que su principal logro es que inicio su negocio hace 7 años, entonces era muy pequeño pero gracias a la perseverancia a logrado creecerlo. Alvaro esta solicitando el préstamo, porqué quiere crecer su negocio y abrir uno igual en otra zona, el cual operaría uno de sus hijos. El se considera una persona responsable y cumplida, Alvaro dice: "pueden checar mi historial crediticio siempre he pagado bien mis deudas".
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.