A loan of $3,625 helped to purchase a new booth to expand his mobile money transfer business, and serve more customers in need of sending or receiving money.

Ronny's story

Ronny is 31 years old. He runs his own mobile money transfer business. He is married and has two young children, aged six and four. Ronny is a very hard working man. He raised the working capital to start up a Zoona mobile money transfer business through street vending a year ago. Today he runs his business with confidence and is very happy that through the business he is able to provide for his family and pay his rentals.

Ronny has big plans for his business; he plans to expand by opening another outlet. The one thing holding him back is that he faces a challenge with working capital. He accessed his first Kiva loan and used it to boost his working capital float. He also purchased a new phone, which he uses to facilitate transactions. He is grateful for the financial support from all the Kiva lenders. This has made it easier for him to satisfy his customers.
He is applying for his second Kiva loan to expand his business and buy the equipment needed to be successful. This expansion will help him to increase his revenue. He hopes to keep growing his business so that he will be able to provide his family with a better standard of living.

Loan details

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Loan details