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This is Matokwani. He runs a business in his hometown of Sesheke, a border-town located in the Western province of Zambia. He needs the loan so that he can increase his mobile money transfers working capital. This is Matokwani's story:

Hello, my name is Matokwani. I am 29 years old and I run a business center in Sesheke, Zambia. I have been running my business for 7 years.

I love my business as it is about rendering a service to people who really need it. My business offers a wide range of services such as mobile money transfers. People come to my business center to send and receive money. I then get my profits from each one of those transactions. Customers can come to my shop for photocopying and printing. I also sell cell phone accessories, flash devices, cash boxes and some fat cakes.

My biggest challenge right now is low working capital. It is particularly a challenge when I have a lot of people who want to transfer money at my shop. When this happens, I have to deposit the money that I have to the bank, but this takes too long. However I am hopeful that once I get the Kiva loan, I will be able to have more money in the business. This will help me to serve my customers faster and make more profits.

My dream is to have a big business that makes life a bit easy for my customers by delivering the service efficiently without having to keep them waiting. Thank you for your help.

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
  • $857,225
    Funds lent in using Kiva
  • 5,156.2
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Matokwani to add to his money transfers working capital so that he can serve customers faster.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Dec 7, 2012
Nov 12, 2012
Currency Exchange Loss:
Jan 26, 2013