Eva is a Kubo Financiero’s client and this is her story:
Eva is 55 years old, is married and has five children: three of them are single and living with her and her husband Nabor, and two are married. She has 5 grandsons. She enjoys spending time with her family and sharing great moments with her sons.
Her business consists of a stand in her house. There she offers to her clients cleaning products, sweets and frozen products; additionally she visits clients in their house offering these various products.
She has asked for this loan to buy cleaning products: hypochlorite, detergent, insecticide and air freshner. For Eva her biggest accomplishment has been to keep the business going to date and being able to send her kids to school thanks to her effort. For the near future, her challenge is maintaining her business competitiveness.
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.