100%

funded

Total loan: $1,050

Edward

Nkhata Bay, Northern Region, Malawi / Services

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A loan helped to increase the float at his current outlet so that he generates more transactions and revenue so that he can start investing towards the growth of his business.


Edward's story

Edward has really done well with his business. He owns a mobile transactions outlet that assists the community with sending and receiving money.

This outlet generates an income just sufficient to provide his family's basic needs and to pay bills and school fees for his children. Edward employed his wife as a teller so that they use her income also for other household provisions. Besides his wife and children, Edward also takes care of his extended family and needs to provide for his mother, siblings and in-laws.

Edward says he hopes to grow his business in the long run and to be able to create employment opportunities for the youths in the community. Opening new outlets will generate more income and lessen the burden upon him, and his wife won't have to work as a teller.

Edward requests for a Kiva loan to increase the float at his current outlet. This will enable him to generate more transactions and revenue so that he can start investing towards the growth of his business.