Diego is a small entrepeneur client of Kubo Financiero.
Diego is 43 years old, is married, has three children and lives in a house with some relatives. He has a sewing workshop in his house where he receives the commodities from his clients who require his work and processes them into the final product ordered. He has been in this business for 15 years now.
He is asking for this loan to buy a multipin sewing machine that will help him to process bigger loads of work. Diego has achieved with the effort from his job providing a stable lifestyle for his family and he aspires to send his kids to college. His biggest goal is to continue improving his business and make it bigger.
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.