Maria Avelina (pictured with her husband) is 42 years old and she has been married for the last 24 years to her husband, Jesus. They have one grownup son who is independent. Maria Avelina owns a grocery store in her house, located in the Chalco neighborhood of Mexico City. She works in the store with her husband, Monday through Sunday, from 8 a.m. to 8 p.m.
Maria Avelina sells groceries, candies, sodas and other products in her store. She is asking for a loan to increase her inventory. Maria Avelina says that the more products she can offer, the more she will sell. Her biggest accomplishment is building her house and helping her son to finish college and become independent.
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.