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This is 30-year-old Msanide. He is married and has a 7-year-old son who is in grade one. Msanide has just completed a training with Mobile Transactions to start running his own mobile money transfers shop.

Msanide is excited to start running his own business because he sees this as a way for him and his family to be empowered. He says the profits he will be getting from his business will help him provide for his family.

When he gets the loan, Msanide will be able to start his business by paying rent for his shop, buying two phones to use for transactions, and procuring some T-shirts and stationery.

He is hopeful that once he gets the Kiva loan, he will be able to start to save up enough money to see his son through college.

In the Video, a representative from Mobile Transactions interviews Msanide.

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
  • 5,155.0
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Msanide to pay rent for his shop, buy two phones, some T-shirts, and stationery.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
Jun 25, 2012
Jul 5, 2012
Currency Exchange Loss:
Dec 17, 2013