How much do Hawaalads make?

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I have always wondered how much the shop people go to send money back home makes?

A lot of shops sell nothing and do nothing but send money back so must be doing well?
 

Apollo

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Somebody should set up a crypto-based hawala.

They could win from the competition.

Also, a tether/crypto version of the Somali Shilling would be cool.
 
Somebody should set up a crypto-based hawala.

They could win from the competition.

Also, a tether/crypto version of the Somali Shilling would be cool.

Why dont you do it then?? instead of giving this free game go take your slice. I never get ppl like you tbh giving advice but wont take his own.
 

Apollo

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Why dont you do it then?? instead of giving this free game go take your slice. I never get ppl like you tbh giving advice but wont take his own.

You need to be an expert in cryptography. It's high-tech stuff.

But the basic concept would win from the competition.
 

Dalmoor

Hiatus✅ 1/18/21- ?
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Idk about Somali hawaalads, bit I know of some shops= basically like hawalaad..

So, it goes like this; they're given money monthly, that money goes to people, be it withdrawal or sending it somone. Those are small shops

They earn like 40,000 - 80,000, depending on the shop's experience.

$400- $800 a month...

The service they use was called M-Pesa.. I saw it when I was in Kenya:russsmug:


Idk about dahabshiil, Taaj, Hormuud, Amana, etc.. idk about them.:russsmug:

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Dalmoor

Hiatus✅ 1/18/21- ?
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I think big xawaalado earn like millions, depending on the company they deal with or even sponsors
 
Dahabshiil and Amal Express are probably multi-million to a billion dollar companies. They control the xawaala market of Somalia, Djibouti, Ethiopia and Kenya not including diaspora that send money amongst themselves.

But as they rely a lot on operators and franchises, the revenue they make is hard to quantify.
 
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