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This is Misheck. He is a businessman in a town located in the western province of Zambia. This is his story.

"My name is Misheck. I am 37 years old. I have four children; they are all under age 4. I run my own shop in a town that lies at our beautiful Zambezi's Barotse floodplain.

"I started out as a sugar sales boy. I would go to the Mongu depot to buy sugar and bring it back to my village to sell. I then managed to raise some capital and opened my sugar shop. Then in 2009, I got the opportunity to become a Zoona mobile money transfer agent. From the time I started offering money transfers in my sugar shop, my business improved because of the commissions I earned after every transaction. I love providing the service to the people. I feel that a business is incomplete without good customer service to make my clients come back.

"Even though my business has improved, I still face the challenge of not having enough money for my business. There are times when I cannot access my electronic funds because the bank network is down. When I receive the Kiva loan, I will use the money to make more transactions and not have to send people away or make them wait in a queue for hours while I gather the money to transact.

"I have a dream to become a government minister and continue to have healthy children as well as grow my current shop into a very big business. Thank you."

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
  • 8
    View loans »
    Zambia Loans Fundraising
  • $857,225
    Funds lent in using Kiva
  • 5,110.0
    Zambia Kwacha (ZMK) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Misheck to serve more customers who want to send and receive money.
99% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Dec 6, 2012
Nov 12, 2012
Currency Exchange Loss:
Feb 17, 2014