Gumercinda is a small entrepreneur and a client of Kubo.financiero. This is her story:
Gumercinda is 57 years old, is married, and has four children; none of which still depend economically on her. She lives in a house she owns and has been dedicated to commerce for 30 years now. She started in business by helping her sister in a small shop her sister had and decided to open up her own; her husband is also in commerce and has a store nearby.
Gumercinda's store is located on a high street that is very busy. She offers dairy products, groceries, soda, pet food, and much more. She asks for this loan to stock up her store and have more products to offer to her clients.
With the effort she puts into her work, Gumercinda has achieved economic stability for herself and her children. She is proud of having her business and looks forward to make it grow.
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.