Efrain is 41 years old, married, and has one daughter.
He has been in retail since he was a little boy. He started selling tools, then lived in the United States for a while. In the US, he worked, saved some money, and learned the craft of buying and selling gold. He visits pawn shops, buys cheap gold jewelry, and then he sells it and makes a profit.
Efrain says that he has been in this work for more than two years, has been able to achieve some financial stability, and has even been able to make some home improvements and buy a car. He says that he is creditworthy. He is honorable and pays his debts on-time.
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.