Total loan: $7,400
Nyagatare, Eastern Province, Rwanda / Services
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A loan helped to increase his mobile money tran capital to meet demand in his rural village.
Fred is a superstar. He is tenacious and persistent. He sees an opportunity in the market, and he is going after it. Thanks to Kiva supporters, AEC was able to give Fred a $4,000 loan for working capital to grow his mobile money business. Over the past year, Fred has grown his business steadily and increased the number of regular customers. Fred's best success has come from offering mobile money transfer services for people crossing the Rwandan/Ugandan border in Northeast Rwanda. Now, Fred is looking for additional financing to open up a second location at another border. With this loan, Fred will be able to hire 3 extra people, and he will have the working capital to start this second location. AEC believes in Fred. He has been one of our most reliable borrowers, and we expect that Fred will take this new opportunity and thrive.