Maria Gabriela is a Kubo Financiero client and this is her story.
Maria Gabriela is 49 years old and married with two sons. She lives in a house with her relatives and sells different products such as toys and perfumes using a catalog.
Maria says that she enjoys spending time with her sons, one of whom has a disability so most of her spare time is spent with him. She is asking for a loan to buy some merchandise to increase her sales and also to pay for her son's music academy.
She started the business four years ago and her biggest accomplishment is being able to maintain it and provide support for both of her sons.
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.