Eduardo is a Kubo Financiero client and this is his story.
Hello I am Eduardo, I am 43 years old. When I was 13 years old I started working as a wood carver, when I was 25 I changed my job category to the glass-blowing business. Since I was a child I have always worked to improve my living conditions, 9 years ago I started designing glass figures and selling them at social events to earn more money. I will use this credit to start a new business; I want to produce wooden boxes.
This loan is an opportunity to grow my business and also to obtain financial stability. I am a responsible person who likes to make payments on time. I think that a debt implies a commitment.
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.