Osvaldo is 38 years old. He has been in a common-law marriage for 11 years and has one son. The three of them live in a house with some relatives, and he makes a living by buying and selling fish and seafood, especially fish fillets.
His business is located in market in downtown Mexico City, the most renowned market for seafood and fish. He asks for this loan to make improvements at his house, specifically to install flooring, do painting and repair some damaged walls.
With the effort he puts into his business Osvaldo, aspires to keep making it grow, and in the near future, have a bigger stand in the market.
About Kubo.financieroKubo.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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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