kubofinanciero

Regulated P2P Lending Platform

Kubo.financiero is a Mexican P2P Lending Platform regulated by local authorities including The Bank of México, CNBV (equivalent to the SEC in the US) and CONDUSEF. Kubo initiated operations in 2012 and has grown quickly. After five years it is now Mexico's leading P2P Lending platform with over 10,000 loans provided for a total of MXP$254m (USD$14m) and around 1,000 investors funding 60-80% of the total loan value over the last 18 months. Kubo issues loans ranging from ~US$200 to $25,000 with payments being made weekly, bi-weekly or monthly over 16-36 months. All borrowers have a minimum score of 620 with the Buro de Crédito (equivalent to FICO). The loans are used to fund working capital, capital equipment purchases, home and auto improvement, educational fees and supplies, as well as loan consolidation. Kubo's investors have their initial deposit and all payments of interest paid into a 'Global' account which offers rates above the traditional local banks' savings rates. They then have the Active Investment Fund option, or roll into a Secure interest rate that is competitive with CETES (the local equivalent of US Treasuries.) Most investors choose the 'Active Investment Fund' requires that their total balance be distributed such that no more that they have no more tha 0.5% of any loan in order to mínimize their risk. The platform makes an automated selection of loans which they would be funding and they can actively support certain types of borrowers by using filters to focus on factors such as: Score (A-E:1-5), Term & Credit Destination. Each loan has a basic profile so that they can select individual loans to fund if they so chose. Our Investors are currently receiving annual returns from 6 to 21% (80% fall between 11-16%.)