María del Carmen is an entrepreneur and Kubo.financiero client, and this is her story:
María is 37 years old, is married to Juan Manuel and has two children; one son of 4 and one daughter of 18 years old. They originate from Huitzilzingo, a Mexico City suburb, and consider themselves a very united family.
She is a stylist and has her own salon, where she offers women and men haircuts and prepares clients for special events such as weddings, quince años and much more. Her business is located beside her house and her daughter helps her there.
María asked for this loan to buy merchandise for her business, specifically hair dyes for her female customers. The accomplishments she has achieved thanks to her work are buying her house and providing for her family. Her goals are to expand her business and to open a flower bouquet 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.