A loan of $575 helped to buy mobile phone accessories (batteries, chargers, smart cards).


Magellan Robert's story

Magellan is a 37-year-old man who is engaged and the father of 3 children aged between 2 and 8. Two of his children already attend school. Magellan is a retailer and has been selling mobile phones and accessories for 3 years in one of the districts of the economic capital. The sale of mobile phone accessories is a profitable area of business, but Magellan faces the problem of having insufficient inventory with which to fulfill demand, as his capital does not enable him to restock quickly enough for the customers who are left waiting. This is a problem which is causing his sales and customer numbers to progressively diminish. He would therefore like this loan so that he is able to buy a large amount of phone accessories and avoid stock shortages, which will will enable him to respond to customer demand and raise his profits. The profits will allow him to develop his business and, above all, to meet his family's needs.

Translated from French by Kiva volunteer



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