A loan of $950 helped to increase his working capital float for his money transfer business.

Josen's story

Meet 37-year-old Josen. He is married and has two children, ages 15 and 16, who are both in high school. He runs a mobile money transfer shop in his hometown of Chingola. When Josen is not at his shop, he can be found at one of the local schools where he serves as a teacher.

Josen describes his business as the safest way for people to send and receive money from one place to the other. He is requesting a Kiva loan so that he can improve the business by adding more working capital. He explains that the business of money transfers is highly dependent on how much cash and electronic funds one has in the business, and currently he does not have enough money. The lack of money in his business makes him lose out on business as he cannot serve some of his customers, especially the ones that want to transfer large amounts of money.

From the time Josen started, he has employed one person to help him with the day-to-day transactions at his shop. He is hopeful that, once he gets the Kiva loan, his business will improve and he will make more profit. The profit will help Josen to provide for his family and save for his children's college education.

Loan details

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Loan details