Nadia is a Kubo Financiero client and this is her story. Nadia is 35 years old. She has been divorced for several years and has one small child who is her greatest priority. She has been a merchant for the last 6 years. Several years ago she decided to become independent from her husband so she opened a gym. At her gym she teaches Zumba dance and sells merchandise such as sportswear. She believes that through her project it is possible to help people to find physical and mental health.
Nadia will use this loan to purchase merchandise such as mesotherapy cream and tennis shoes. She likes to make her payments on time because she knows that if she is responsible she will have more loan opportunities in the future. Nadia has generated enough resources to raise her child. She thinks that this loan is an opportunity to grow her business and to obtain new clients and financial stability. Her biggest accomplishments in life are to obtain the love and respect of her child, to own a car, to have a lot of clients and to maintain her valued friendships.
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.