A loan of $975 helped to increase his float for money transfers.


Sausten's story

Meet 56-year-old Sausten. He was recently widowed and has seven children. He runs a restaurant and a mobile money transfer shop in Petauke, a town located in the Eastern part of Zambia. Sausten started running his own business after his retirement 10 years ago. When he first started, business was good as there was not much competition, but with the arrival of bigger eating places, his business became slow. It is for this reason that, in 2009, he signed up to become a mobile money transfer agent. Offering the service of sending and receiving money in his restaurant gave him the foot traffic that he needed to keep his shop open. He says his major challenge is low working capital. He constantly has to go to the bank so that he can satisfy his customers. Furthermore, his restaurant has no electricity. This, he says, is a major disadvantage for him because he cannot serve his customers cold drinks. Sausten needs the Kiva loan so that he can increase his working capital. This will enable him to earn more commissions from his mobile money transfer business so that he can connect electricity for his restaurant shop. Sausten thanks the Kiva lenders.



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