Estela is a Kubo.financiero borrower. This is her story:
My name is Estela, I am a 45 years old single mother. I live with relatives in a house in Santa Martha Acatitla.
I finished high school and then started working, I have owned the store for the last 15 years, it is a store located in my house, where I sell different products such as: stationary, gifts, and candy. A little bit of everything.My niece started the business, but she had to stop working, so I bought it from here, that was 15 years ago.The store is called "El Arbolito" which means "Little Tree.", my slogan is the client comes first.
I will use the money to buy merchandise and get ready for the back to school season, which for me is the best of the year. I consider myself credit worthy, I pay my loans on time and like to honor my commitments.
My biggest challenge is to being able to provide my son with stability and send him to school.
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.