Josefina is 43 years old and married with two small children. She works doing the cleaning in a sushi restaurant and, with her husband, has a small business making plastic shoes. She helps her husband sell the shoes. She is asking for the loan to buy inputs to make shoes. She says that they want to increase sales in order to save for her son's education. They have been producing shoes for more than 20 years.
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.