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Tomas
Tomas is 39 years old, married, and has three children. He works in public transportation. He owns a bus and runs a specific route in Mexico City.

Tomas requested a loan from Kubo Financiero, which he will use to build a room for his children. Because they have grown, they need more space. His biggest achievement has been acquiring his own bus and taxi that provide his family with a stable source of income. In the future, Tomas would like to buy one more taxi and continue to expand his business.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Mexico

  • $11,249
    Average annual income
  • 49
    View loans »
    Mexico Loans Fundraising
  • $18,367,875
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $2,325 helped Tomas to build a room for his children.
49% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2014
Listed
May 16, 2014
Currency Exchange Loss:
Possible