Fernando Miguel is 59-year-old man and has been a taxi driver in Mexico city for 25 years. He is a widower and has his son, a daughter-in-law and one grandson.
Fernado describes himself as a hard working, responsible, amicable, and happy person. He drives his taxi every day from 6 AM to 2 PM and form 5 PM to 11PM. He says that one of his biggest skills is his knowledge of Mexico City.
Fernando asks for a loan to repair his car and to renew his taxi´s license plates. His biggest accomplishment is being able to save and buy three taxis and a house.
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.