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Lilly is a 24-year-old woman who lives in Solwezi. She was born into a family of five in which she is the last born. She is a model young entrepreneur who runs her own mobile money transfer business. After getting her college diploma in Business Administration, she opted not to look for employment but rather started her own business in which she has managed to employ one person and hopes to employ more.

For Lilly there is more to owning and running a business than just transacting money. She believes that social entrepreneurship is the best way to go and her kind of business is ideal because it is located where the people are and the atmosphere it creates is welcoming rather than the cold, detached feeling of a bank. Lilly also believes that her business has the added advantage of being cheaper, faster and easier to access than the post office or commercial banks.

When she gets the loan money Lilly intends to fix her booth which she currently uses to serve her customers. Her booth is not in good condition, it leaks when the rains come and has no proper shelter for her customers. She would like to get a new booth and needs help to do this; it will also help her to expand her business which is her goal as a young businesswoman.

In this video, Lilly is being interviewed by a representative from Mobile Transactions.

Additional Information

More information about this loan

This loan is a combination of the following: 1) Capital Growth Loan: An asset-based loan provided to both existing and new Zoona agents for setting-up or expanding their mobile transactions business. Part of the amount is an in-kind loan to enable agents to acquire assets for their mobile transaction business. For existing agents, the loan is designed to inject medium-term working capital assistance to purchase additional assets or expand to new locations thereby helping their businesses grow. 2) Electronic Float Advance: Short-term liquidity assistance to qualifying Zoona agents to allow them to make mobile money payments when their electronic balance is too low to meet their immediate business needs. The loan is intended to provide borrowers with a boost to their electronic float to allow them to handle more revenue generating transactions and also give them a means to support transactions during peak demands. The borrowers will be able to draw down their electronic advance on a per-transaction basis. There are no monthly repayments, rather the borrowers will earn less commission on per transaction basis on the funds utilized from the advance. Repayments will include fixed monthly repayments for the capital growth portion and a bullet payment at the end of an 18-month term for the electronic float advance. By supporting this loan, you’re helping an entrepreneur set up or expand their business.

About Zoona:

Zoona is a mobile money operator that invests in emerging entrepreneurs in Africa who are transforming their communities.

In Africa, there is a tremendous pool of entrepreneurs, business owners, and young people who dream of making money and serving their communities but who are struggling to find the resources and support to reach their full potential.

Zoona offers entrepreneurs an opportunity to build their own businesses and create wealth and employment through mobile payment solutions, financial services, business management tools and support.

The network of Zoona outlets in urban and rural areas enables unbanked and financially excluded individuals the ability to transact in an easy, quick and safe manner with family, friends, and other service providers. This is a step change improvement in countries like Zambia, where the majority of transactions are still conducted in cash and are thus inefficient, insecure, and expensive. Zoona's unique model of enabling emerging entrepreneurs to provide mobile money services to consumers has the potential to significantly push the boundaries of financial inclusion in Africa.

About Zambia

  • $4,100
    Average annual income
  • 10
    View loans »
    Zambia Loans Fundraising
  • $1,106,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Lilly to fix her booth which she currently uses to serve her customers.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
Feb 6, 2012
Feb 8, 2012
Currency Exchange Loss:
Oct 30, 2012