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Paul is 28 years old. He runs his own local mobile money transfer business which he has been running for one year now. He describes his business as simply the sending and receiving of money electronically. Currently, Paul does not have enough working capital. He is not able to serve customers who want to send large amounts of money. This saddens him as he has to turn away customers and lose out on commissions.

He believes that his community benefits from his business because he offers them an easy and quick way of sending money and he works hard to give them the best customer service.

He has grown the number of transaction he does in a day. He has gone from only 10 transactions a day to an impressive 60. He has since managed to employ one person to help him in his shop. Paul describes his life as difficult; he is quick to say that he has not had it easy in life due to being orphaned at the young age of 10. He has not been able to pursue his education, but is grateful for the opportunity he has to run his own business and therefore gives it all he can.

Paul's appeal to his lenders is that they help him raise the money so that he can let his customers send larger amounts of money. He has dreams of opening more mobile money outlets in his town.

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

Additional Information

More information about this loan

This loan is designed for Zoona agents, enabling them to access the working capital they need to process frequent and large mobile money transactions. Loans can also be used to help agents open new transaction booths to serve more customers, increasing the number of Zambians who have access to mobile banking technology.
Kiva loans are structured so that a percentage of an agent's monthly revenue is used to repay. Because the exact amount of these repayments is uncertain, we have structured this loan's repayment schedule to include just one payment at the end of the loan term. That said, lenders can expect to receive payments throughout the loan term as this agent earns revenue and pays back the loan.

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

  • $1,800
    Average annual income
  • 0
    View loans »
    Zambia Loans Fundraising
  • $870,100
    Funds lent in using Kiva
  • 5,264.5
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,950 helped Paul to increase his working capital so that customers can send large amounts of money from his shop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
Feb 21, 2012
Mar 6, 2012
Currency Exchange Loss:
Jan 15, 2013