Total loan: $1,225
Bawku West, Upper East Region, Ghana / Services
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Magdalene's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase more recharge cards and e-cash to increase her profit margin.
Mary Magdalene is a 24-year-old entrepreneur who lives with her nuclear family in the Bawku West district of Ghana. Mary Magdalene runs her own mobile money transaction and recharged cards business. With her first Kiva loan, Mary Magdalene started her own mobile money business. She used the profit she earned to pay school fees for her siblings. Mary Magdalene is requesting a second loan to purchase more recharge cards and e-cash to increase her profit margin. She plans to use the profit she earns to support her family's basic needs. Mary Magdalene will repay the ‘social interest’ on her second loan by volunteering two and half hours per week as a CAMFED Association Loan Coordinator, using her expertise to mentor and support fellow borrowers in her community to complete repayment of their loans. As a Loan Coordinator she has already successfully paid off at least one loan herself, so she understands the opportunities and challenges, and is uniquely positioned to help other CAMFED Association members succeed.