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Eddie is 33 years old. He runs a small business in his hometown of Chililabombwe, a town whose main economic activity is the mining of copper. He is very happy for the opportunity to get his very first loan.

Eddie’s business deals in the supply of stationary materials, small computer accessories and relish. He also offers the services of mobile money transfers, photocopying and typing. He says most of his profits come from his mobile money transfers business.

Eddie started running his business three years ago. He does not have a building structure, but used his initiative to come up with a makeshift small shop that he uses to make his transactions. Most of Eddie’s customers are miners who send money to their families back home.

Eddie is very excited to get his first loan because it will help him to have some good working capital. Having more capital will boost Eddie’s business, as he will be able to serve more customers who want to send money at his shop.

He has hopes of seeing his business grow to greater heights. Someday, he would like to move to a shop with a proper building structure.

In the video, a representative from Zoona interviews Eddie.

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
  • 1
    View loans »
    Zambia Loans Fundraising
  • $857,225
    Funds lent in using Kiva
  • 5,221.8
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Edson to increase the money he has available to make transfers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Dec 22, 2012
Nov 23, 2012
Currency Exchange Loss:
Jul 17, 2013