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This is Daniel. He is a business owner in his hometown of Livingstone, Zambia. This is his story..

My name is Daniel. I am 30 years old and I have a daughter. I run an Internet café and mobile money transfer shop in my hometown of Livingstone. I need the loan so that I can increase my mobile money transfer working capital.

I enjoy running my own business, because I have the freedom to make decisions, and get to meet a lot of people. I have always wanted to run my own business, so in the year 2004 I quit my job and invested in the Internet café. My community benefits from my business because they can come to my shop to send and receive money at cheap rates. They also come in to stay up-to-date with what is happening in the world by browsing on the Internet.

When I get this loan, I believe my business will change for the better because I will be able to serve more customers who want to send money. An increase in my working capital will mean I get to make more profits. This will change my life because it will make providing for my daughter much easier.

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
  • $849,100
    Funds lent in using Kiva
  • 5,190.8
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Daniel to have more people send and receive money from his shop so that he can earn more profits.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Dec 26, 2012
Nov 26, 2012
Currency Exchange Loss:
Sep 17, 2013