Juan is 55 years old. He has 6 children but only one young 7 year old girl who is financially dependant on him. He lives a common law marriage. 28 years ago he started selling fruit and vegetables and he currently runs two semi permanent stalls, one of which he runs and the other is run by an employee. He starts selling at 7 o'clock in the morning and finishes and 5pm.
He will use this loan to buy stock and extend his fruit and vegetables sales. Showing he is responsible, he looks after his mother's health and helps with her medical bills. He is committed to his financial responsibilities and has always come through on time, giving him a reputation for being creditworthy.
His accomplishments include having his own house and financial stability to be able to cover personal and family bills. His goal is to set up a fruit warehouse, as his house is located in front of a market.
El es Juan, tiene 55 años y 6 hijos, pero solo una pequeña de 7 años depende económicamente de él, vive en unión libre. Inicio desde hace 28 años en la venta de frutas y verduras, actualmente tiene 2 puestos semifijos, uno lo atiende él y otro un empleado. Empieza a vender a las 7 de la mañana y termina a las 5 de la tarde. El préstamo lo ocupará para comprar mercancía y ampliar su venta de frutas y verduras. Responsable con los suyos, se ocupa de la salud de su madre y le ayuda con sus gastos médicos. Formal con sus compromisos financieros, Juan siempre ha cumplido en tiempo y forma, por lo cual se considera una persona solvente. Sus logros son tener una casa propia y estabilidad económica para solventar gastos personales y familiares, su reto poner una bodega de frutas, ya que su casa se encuentra frente a un mercado.
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.