A loan of $4,975 helped to increase his working capital so that he does not have to send away half of his customers.

Martin's story

Martin is a businessman. He runs one of the busiest Mobile Money Transfer shops in Lusaka. He has been running his shop for six months. This is his story....

I am a hardworking 26-year-old young man with an Accountant’s diploma. Through my tertiary education, I have wanted to grow a business and affect my world positively. I have worked with two banks previously in the retail, marketing and sales aspects and have developed great business skills such as direct marketing. I am where I am today because I have been opening my heart to new challenges and opportunities.

My business deals in the receiving and sending of money countrywide. I feel it is a service that impacts positively in my city because it is accommodating to people from all walks of life. Anyone can walk into my shop and be comfortable to transact business with me.

On a daily basis, I have over three hundred people come to my shop to send and receive money. However, I only serve about a hundred and fifty of them. This is because I do not have enough working capital to satisfy them all. The situation worsens when it is the end of the month, as that is the time of the month when most people in Lusaka get paid. I tend to have even more people come to transact money transfers. It is for this reason that I am taking out a loan. This loan will have a very big impact on my business because I will be able to serve all my customers and this will stimulate my revenue.

Getting this loan will also change my personal life. I will earn more profits and this will help me to finally move out of my parents' house and fulfill my responsibilities of helping out my family members.

Loan details

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Loan details