Mario is 44 years old, and is married with three young children. He owns a house and works in an auto repair shop that he started more than 20 years ago. Mario is asking for a loan to buy a hydraulic jack and other tools for his business.
Mario says that most of his clients are taxi and public transportation drivers. He has many recurring clients. Mario gives credit to his father, who taught him from a very young age to have a solid work ethic and assume responsibility.
Mario says that his biggest accomplishment is providing stability for his family and his goal is to grow his business.
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.