Hortencia is 43 years old and lives in her parents house with her two daughters, sister and nieces. Her parents have owned the house for 40 years.
Hortencia started a home-based clothing business 10 years ago and she sells to a distribution company that has big clients. She has many employees and she produces approximately 500 items per month.
She asks for a loan to buy manufacturing equipment such as a power generator and ironing board. Hortencia says that her biggest accomplishment is having a profitable business and being able to provide a solid education for her children.
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.