A loan of $4,675 helped to buy a new booth and cell phone and fund all his start-up costs for a new mobile money transfer shop.

Coster's story

Coster has requested a third loan from Kiva so that he can open a second mobile money transfer shop. This is the update that he sent in:

Dear lenders,

I am doing well in my business; the loans you gave me helped expand my business. I started to sell airtime, and this gave me some new customers. I took the chance to market the money transfers business to the walk-in airtime customers, and this has helped me have more customers.

I am asking for another Kiva loan so that I can open another shop. I will use the money to buy a new booth and cell phone and fund all my start-up costs. I have been encouraged by how my business has grown in the last months, and I am sure that opening another shop will help me to earn more commissions.

I am working very hard because I would like to own my own house someday. I am hopeful that, once I open another shop, the combined profits will put me in a position where I can be able to build my own house and continue to pay for my children’s school fees.

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Loan details