A loan of $4,600 helped to grow his business by adding more money in his six locations.

Vincent's story

Vincent is 38 years old and lives in the town of Lusaka. He works as a coordinator and operates his own mobile money transfer business. His business provides financial services to many unbanked individuals. People in his community go to his outlets to send and receive money as well as pay bills. He has three children, ages 9, 4 and eight months old.

Vincent has continued to grow his business through the help of Kiva. He got his first loan in September of 2013. The loan helped him to expand his business and he was able to serve more customers and open up additional locations. Today, Vincent runs a total of six mobile money transfer shops. He has employed eight young women and three young men to work at his outlet locations.

Vincent already paid back his first loan in full. He has requested for a second loan so that he can grow his business by adding more money in his six locations. This will ensure that customers are not turned away when they need to transact large amounts of money. Vincent explains that the business of mobile money is highly dependent on how much money is in the business to service customers.

Vincent would like to take this opportunity to thank the Kiva lenders for their support and for helping him improve his standard of living. He looks forward to more engagement with the lenders through his updates.

Loan details

Lenders and lending teams

Loan details