Nacho is a Kubo Financiero client and this is his story.
My name is Nacho, I am 42 years old, married with 3 daughters. I have in working in commerce for the last 20 years.I enjoy retail and always wanted to be my own boss, because of that I decide to open a grocery store. I will use the loan to improve my inventory. In my business I like to provide quality products and good service. Fortunately it is well located so I have good sales and recurring clients. My biggest accomplishments is sending my daughters 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.