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Mundia is 48 years old. He is married and has six children who are all in school. He runs a mobile money transfer business in his hometown of Mongu, where he is fondly known as The Pioneer. He has been running this business since 2009 and It is his only source of income.

Having attended his primary, secondary and college education in three different provinces, he can speak five local languages. This, he says, will be invaluable as he goes about his expansion plan. Before he started running his mobile money transfers business, Mundia served his community as a police officer and worked with a local bank as a team sales leader. He describes himself as persistent and hardworking. These qualities have helped him keep running his business.

Being one of the first people to start running a mobile money transfer business through Mobile Transactions Zambia (MTZ), Mundia has grown his business from scratch. He recalls that when he first started, he would only have five customers a day, which is a far cry from the 100+ who now transact with him on a daily basis. He has since managed to employ four people who help him attend to customers.

Mundia believes that the Kiva loan will help him alleviate his major challenge of having low working capital. He would like to use the money to open more outlets in his province as he is convinced that more people are in need of sending and receiving money instantly and cheaply. His expanded business will help more members of the community access this service.

He has high hopes of becoming the biggest Mobile money agent in the western province. Opening up more outlets will give Mundia more profits, which will help him provide a better life for his wife and children.

In the video, a representative from Mobile Transactions is interviewing Mundia.

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
  • 7
    View loans »
    Zambia Loans Fundraising
  • $857,225
    Funds lent in using Kiva
  • 5,200.0
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Mundia to open another mobile money shop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
May 22, 2012
May 22, 2012
Currency Exchange Loss:
Dec 15, 2012