A loan of $4,950 helped to increase his working capital so that customers can send large amounts of money from his shop.


Paul's story

Paul is 28 years old. He runs his own local mobile money transfer business which he has been running for one year now. He describes his business as simply the sending and receiving of money electronically. Currently, Paul does not have enough working capital. He is not able to serve customers who want to send large amounts of money. This saddens him as he has to turn away customers and lose out on commissions.

He believes that his community benefits from his business because he offers them an easy and quick way of sending money and he works hard to give them the best customer service.

He has grown the number of transaction he does in a day. He has gone from only 10 transactions a day to an impressive 60. He has since managed to employ one person to help him in his shop. Paul describes his life as difficult; he is quick to say that he has not had it easy in life due to being orphaned at the young age of 10. He has not been able to pursue his education, but is grateful for the opportunity he has to run his own business and therefore gives it all he can.

Paul's appeal to his lenders is that they help him raise the money so that he can let his customers send larger amounts of money. He has dreams of opening more mobile money outlets in his town.

In this video, Paul is interviewed by a representative from Mobile Transactions.



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Loan details