A loan of $950 helped to increase his working capital so that he can have more customers send and receive money from his shop.

Richard's story

Richard is a soft-spoken and assertive businessman with dreams of improving his mobile money transfers business. He is widowed and lives with his daughters in his hometown of Chililabombwe, Zambia.

Richard explained that he became a mobile money transfer agent in the year 2009, because he saw how people in his community were struggling to move their money. He says the business has grown as most people have come to learn about his business and genuinely like the service that he provides. Running this business comes with its own challenges, like working capital. Richard spends his days running to and from the bank to convert the money he has from cash to electronic and vise-versa, so that he can serve his customers. It is for this reason that he is taking out this Kiva loan, so that he can add to his working capital to help him serve more customers and make more profits.

Richard is grateful for the opportunity to be on Kiva and is happy that finally he will be able to slowly begin to realize his dream of improving his business. He looks forward to taking out another loan.

This picture was taken in Richard's shop in Chililabomwe.

Loan details

Lenders and lending teams

Loan details