A loan of $2,975 helped to have enough working capital float so that he can serve all the customers who want to receive money from far-away senders.

Francis's story

Meet 25-year-old Francis; he owns a mobile money transfer business in Nakonde district. His shop is located on the border of Zambia and Tanzania. The town where his shop is located is one of the biggest border towns in Zambia, with a high traffic of business taking place. This is his story....

My name is Francis. I am 25 years old. I have two brothers, and one sister. I started running my own business while I was in school. I had a camera that I would use to take pictures of people; then I would develop the pictures and sell them. This helped me to raise money to pay for my school fees. When I completed high school, I worked in a shop as a shopkeeper, and continued to take pictures in my spare time. Through my job and photography business, I was able to raise enough money to open my own mobile money transfers shop in Nakonde, a border town.

My mobile money transfer business gives me the pleasure to associate with different people. I enjoy the comfort of running the business without being answerable to anyone but myself. I have clear goals and expectations of what I want to achieve. When it comes to my customers, I believe that they benefit from my business because it helps them send money to their distant relatives, such as children in schools, colleges, etc. They are also able to buy mobile phone airtime from my shop.

I am appealing to you, Kiva lenders, to help me with this loan. I will use the loan as the working capital float for my business. Currently, I have very little working capital, which slows down my transactions. My business is located at a border town, and as such the demand is very high, and sometimes I have to keep customers waiting because I have no cash to satisfy them. Once I get the loan, I believe that the growth of my business will be evident because I will have money readily available for my customers who want to receive money. This will help me to earn more commissions. The commissions are heavily dependent on how many customers I serve.

Loan details

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Loan details