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Martin is a businessman. He runs one of the busiest Mobile Money Transfer shops in Lusaka. He has been running his shop for six months. This is his story....

I am a hardworking 26-year-old young man with an Accountant’s diploma. Through my tertiary education, I have wanted to grow a business and affect my world positively. I have worked with two banks previously in the retail, marketing and sales aspects and have developed great business skills such as direct marketing. I am where I am today because I have been opening my heart to new challenges and opportunities.

My business deals in the receiving and sending of money countrywide. I feel it is a service that impacts positively in my city because it is accommodating to people from all walks of life. Anyone can walk into my shop and be comfortable to transact business with me.

On a daily basis, I have over three hundred people come to my shop to send and receive money. However, I only serve about a hundred and fifty of them. This is because I do not have enough working capital to satisfy them all. The situation worsens when it is the end of the month, as that is the time of the month when most people in Lusaka get paid. I tend to have even more people come to transact money transfers. It is for this reason that I am taking out a loan. This loan will have a very big impact on my business because I will be able to serve all my customers and this will stimulate my revenue.

Getting this loan will also change my personal life. I will earn more profits and this will help me to finally move out of my parents' house and fulfill my responsibilities of helping out my family members.

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
  • 4,890.0
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,975 helped Martin to increase his working capital so that he does not have to send away half of his customers.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
Aug 30, 2012
Jul 31, 2012
Currency Exchange Loss:
Feb 22, 2013