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Total loan: $3,050


Flag of Rwanda
Nyagatare, Eastern Province, Rwanda / Services

David's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to increase float to sell.

David's story

As one of AEC's evolved refugee entrepreneurs, David has managed to change his life for the better. Troubling times of moving to a foreign country as a refugee didn't stop him from investing his savings in a grocery store. He has become an exemplary Congolese refugee to his fellow displaced persons.

After running the grocery store, he saw a high demand for money transaction services and decided to start an equity bank agency, one which has become one of the most popular agencies in the camp. He facilitates for AEC clients the payment of their monthly installments and also is able to receive money from their families.

These businesses have helped him to build his own business premises for the grocery store. He has also been able to provide for his family and save for the future.

The previous loan helped him increase float [electronic credits to sell] for his mobile transactions business. Another loan to David will enable him to further increase float, especially in these pandemic times when cashless payments are encouraged to avoid physical contact.