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Muyoyeta runs a small mobile money transfer business in a fishing town called Kalabo. He recently got married and is a proud father of a baby boy who is 21 months old. Muyoyeta is 26 years of old.

Muyoyeta did not complete his high school education due to financial constraints, but this has not stopped him from trying. Now that he owns his own business, he has started attending evening classes so that he can get his high school diploma and set a good example for his son.

He has lived in the town of Kalabo all his life. He says he is happy to finally be able to offer his hometown a way of sending and receiving money that is easy, safe and affordable. When asked what challenges he faces in his business, he points to the fact that he does not have enough working capital to satisfy his customers. He goes on to explain that this is especially a challenge for him because his hometown of Kalabo has no banking services, and so when he runs out of cash, he has no choice but to electronically send all his working capital to a nearby town called Mongu, and have someone send some cash to him via a speed boat. This can take about two hours and he is charged a fee of K 50,000 (about $10). This is money that is meant to be his profit. He fears that should it happen that a boat capsizes, he would lose all his working capital.

Muyoyeta is hopeful that once he gets his Kiva loan, he will be able to serve more customers without the risk of losing all his money and earn more profits to help him finish his education and give a better life to his young family.

In the video, Muyoyeta is being interviewed by a representative from Mobile Transactions Zambia.

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
  • $866,400
    Funds lent in using Kiva
  • 5,250.0
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,975 helped Muyoyeta to increase his working capital so that he can serve more customers and earn more profits.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
May 29, 2012
May 31, 2012
Currency Exchange Loss:
Sep 17, 2013