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This is 32-year-old Henry. He is a Zoona mobile money transfer business owner. His business deals in the receiving and sending of money. This is Henry's story:

My name is Henry. I run a mobile money transfer shop at the Kazungula border post here in Zambia. I recently got married and I am looking forward to have a big family.

I am grateful for the opportunity to be on Kiva, because getting a loan in Zambia is very hard due to high interest rates. When I get this loan, I will put it in my business so that I can have more people come to my shop to send and receive their monies.

My vision is to keep growing the business by always increasing my working capital. I want to reach a point were I never have to turn away a customer because I have run out of cash. I look forward to taking out another Kiva loan as soon as I have repaid this one.

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
  • $870,100
    Funds lent in using Kiva
  • 5,229.3
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Henry to increase his mobile money transfer working capital so that he can serve more customers at the border.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Dec 21, 2012
Nov 21, 2012
Currency Exchange Loss:
May 17, 2013