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This is 38-year-old Maurice. He is married and has four children aged 19, 9, 4 and 2 years. He has just started running his own mobile money transfer business.

Maurice grew up with his uncle, who runs several businesses around Lusaka. He learned a lot about how to run a successful business from helping his uncle. He is excited that he has finally started running a business of his own. He says he gets immense satisfaction knowing that the money transfer services he provides make people’s lives easier.

Maurice’s small shop is located in Kamwala, one of the busiest markets in Lusaka. This means that he has a lot of customers coming to his shop. Sadly, due to a very low working capital, he cannot serve them all. He says this is a particularly big problem in the afternoons, as by that time of the day most of his money has run out and the banks are closed. This limits the number of customers he can serve in a day to a mere 10-20, when, if he had more money, he would be able to serve more than 50 customers.

When he gets the Kiva loan, he will use the money to increase his working capital so that he can serve more customers and make more profits. In the future, Maurice plans to open another shop to increase his profits so that he can take care of his growing family and send his daughter to college. He thanks you for your support.

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
  • 1
    View loans »
    Zambia Loans Fundraising
  • $857,225
    Funds lent in using Kiva
  • 5,236.5
    Zambia Kwacha (ZMK) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,975 helped Maurice to increase his working capital so that he can serve more customers and make more profits.
97% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
Apr 12, 2012
Apr 20, 2012
Currency Exchange Loss: