100%

funded

Total loan: $775

Margaret

Kakuma 3, Turkana County, Kenya / Services

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A loan helped to increase the rotating amount of money in her mobile transactions business, as well as introduce new products, such as phone accessories, to meet the demand of customers.


Margaret's story

Margaret is a mother and an entrepreneur. She is a Kenyan by nationality and runs a mobile money and airtime business in one of the refugee camps in Kenya. She started very small and became more passionate to grow the business. She has secured a strategic location that is in a center where people meet to purchase daily needed items.

Aid organizations like UNHCR and WFP have shifted from food/item assistance to cash-based assistance. This creates more rotations of cash through mobile phones, which explains an increased demand of her services. Despite this, she is always having working capital shortages that leaves a portion of her customers not adequately served.

Margaret was an active participant in the AEC training program, where she was eager to learn how to grow her business even further. Hence a loan to Margaret will assist her in having a regular float of working capital and being better able to serve her customers.