Lourdes has been designing and making clothes for more than six years. She also sells shoes and cosmetics, and her business is in a crowded location, which gives her an edge. She wants to take out this loan to buy more clothes and cosmetics, and thus grow her business. It will provide her with a greater variety of goods to display and attract more customers, leading to more sales and more income for her and her family.
Lourdes has two sons, who are her reasons for living. Her accomplishments have included providing stability to her family, while her challenge and dream is that her business will become a boutique. Let's help Lourdes in this adventure.
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.