Ignacio is a Kubo Financiero client and this is his story.
Hello my name is Ignacio, I am 42 years, married and have 3 daughters. I have been working in retail for the last 20 years. Some years ago I decided to become independent and opened a grocery store. My store is well located so I have many recurring clients. I will use the loan to buy more merchandise, because the coming months are the best sales season and I want to be well prepared. I consider myself creditworthy, in fact this is my second loan with Kubo and I payed the first one on time.
Mu biggest accomplishment is starting and growing my business, sending my daughters to school and being able to do some trips with my family.
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.