Claudia is a Kubo client, and this is her story: Claudia is 39 years old, is married, and has a child. She has a bachelor’s degree in business administration and is an administrative manager for an advertising agency where she has worked for eight years. She asks for this loan to invest it in the company where she is working. She will buy design software. Her personal goal is to have work and family stability, and her main challenge is growth and becoming a partner at the company.
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.