Ameth de Jesus is a Kubo client and this is his story: Ameth is married and is 56 years old. He owns a popsicle franchise where he distributes popsicles to sellers. Currently he has eight sellers. He asks for this loan to invest it in a new franchise. His achievement is support his family and his challenge is improving his sellers and become the best distributor of popsicles in his area.
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.