A loan of $975 helped to add to his $2000 working capital so that he can serve more customers.

Alfred's story

Meet Alfred. He runs a mobile money transfer and stationery shop in Kaxungula. He needs a Kiva loan. This is his story....

My name is Alfred. I am married with 6 children and I have 7 grandchildren. I run a shop in my hometown of Kazungula. My shop deals in mobile money transfers and stationery supplies.

Mike Quinn, who is now the CEO at Zoona, introduced me to the business of Mobile money transfers back in the year 2009. I started the business with a capital of about $500. Today, my working capital has increased to $2000. I have seen the growth and I am very proud of the business.

As Kazungula is a border town, my customers are mostly truck drivers who send money to their families. I also have a lot of businessmen who come to get their cars at the border, and have to pay duty. I have to send some of them away because at the moment, my working capital is only $2000 and they normally need to receive huge sums of money. This makes me sad because I lose out on a lot of profit.

When I get the Kiva loan, my working capital will increase and I will not have to send too many people away. The loan will also help me to keep the stationery stock levels high.

I am very grateful for the chance to be on Kiva because it is very difficult to get a loan in Zambia. I know this will improve my family’s standard of living. I look forward to getting another Kiva loan once I finish paying this one. Thank you.

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