Silvia is a micro-entrepreneur and client of Kubo Financiero and this is her story:
Silvia is 45 years old and has lived with her partner since she was 28. She doesn't have any economic dependents as her children no longer live with her. She has always liked to sell things and she has had her grocery business for 8 years.
She very much likes the way that her business has grown. She began with something very small that didn't have refrigerators and had very few products. Today, she has a counter, refrigerator, slicer, and a variety of products. Silvia is requesting this loan to remodel and make necessary improvements to her house.
Thanks to her hard work, Silvia has been able to make some improvements to her house such as putting in solid floors where before there was just plywood, and to furnish it. Her main goal is to continue remodeling her home.
Silvia es una microempresaria clienta de Kubo Financiero y esta su historia:
Silvia tiene 45 años, vive en unión libre desde hace 28 años y ya no tiene dependientes económicos, ya que sus hijos ya no viven con ella. Siempre le ha gustado vender y con su negocio de abarrotes ya tiene 8 años.
A ella le gusta mucho como ha crecido su negocio, inició con algo muy pequeño donde no tenía refrigeradores y muy pocos productos, ahora ya tiene vitrina, refrigerador, rebanadora y variedad de productos. Silvia pide este préstamo para remodelar y hacer mejores necesarias en su casa.
Gracias al esfuerzo de su trabajo Silvia ha logrado hacer algunas mejoras a su casa como poner losa, cuando antes tenía lámina, y amueblarla. Su principal reto es continuar con la remodelación de su hogar.
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.