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José Luis
José Luis is a Kubo Financiero’s client and this is his story:

José is 43 years old, is married and has a 3-years-old daughter. He has had his blacksmith workshop for 20 years now. He has been in this profession since he was 17 years old. He started as a helper and after some years working he decided to become independent and open up his own workshop.

He mainly repairs excavating machines in his workshop, and also has some clients who frequently seek him out to repair refrigerating systems. He asks for this loan to buy tools needed for his repairs.

Additional Information

About Kubo.financiero

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.

About Mexico

  • $15,600
    Average annual income
  • 19
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped José Luis to buy tools necessary for his machinery repairing business.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2014
Listed
May 7, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014