A loan of $4,900 helped to increase his working capital. This will enable him to serve more customers and give him more profit to send home to his parents.


Mashekwa's story

Maamba is a small mining village where 21-year-old Mashekwa runs his mobile money transfer business. The small profits he earns he sends home to his parents who still work on the family farm.
Mashekwa describes his business as the cheapest and easiest way for people to send and receive money to their loved ones. He says the services he offers have been well received in Maamba because his business is welcoming and as such he has been able to integrate very well in the community. From the time he started, Mashekwa has increased the number of customers he has each day from 10 to 20. The number of customers he can have in a day is limited to the amount of working capital he has. This means that Mashekwa is not able to serve customers who want to send or receive money that is larger than his working capital of $500. This means that Mashekwa loses out on profits and disappoint his customers.
He has hopes of seeing his business grow to greater heights. Someday, he would like to open more mobile money transfers outlets in other rural areas.
When he gets his Kiva loan, he would like to use the money to increase his working capital. This will enable him to make more profit to send home to his parents.



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Loan details