A loan of $4,475 helped to set up his sixth mobile money transfer outlet near the army camp.


Coster's story

Coster is 45 years old and married with four children. He also takes care of three relatives between the ages of 7 and 24 years. Coster provides financial services to people in his community by offering mobile money transfers. He works from 8:00 a.m. to 8:00 p.m. every day except for Sundays. Currently, he employs eight people. He has four years experience in the business. This is Coster’s fourth loan from Kiva. He would like to take this opportunity to thank his lenders for helping him grow his business. The previous loans allowed Coster to be able to add new products to his business. He also has been able to grow the number of outlets he currently operates from three to five. Furthermore, Coster has been able to grow his working capital and serve more customers sending and receiving money from his shops. With some of the profits from his business growth, Coster has began building his own house, which is much bigger than the house he currently rents. He also emphasizes how the previous loans have helped him pay his children's school fees on time. He has repaid all the previous loans in good standing. Coster has requested another loan from Kiva in order to open his sixth outlet near the army camp. He has identified a good location and is confident that once he sets up there, his new outlet will be profitable and provide an easy service to the army men and women who need financial services to send money home. He will use the money to purchase a trading booth and serve his new customers. He plans to use the profits from his growing business to complete building his family’s home.



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Loan details