Check out some available loans that are similar to this one!
Jimmy is 40 years old. He is married and has three children. He runs his mobile money transfer and auto spare parts businesses in his hometown of Lundazi, a town in eastern Zambia near the border with Malawi.

Jimmy has been selling car spare parts for five years now. He added mobile money transfers to his line of business two years ago. Being a Zoona mobile money transfer agent means that Jimmy offers the service of sending and receiving money to his community. He gets his profit every time a customer uses the service at his shop. He says being a Zoona mobile money transfers agent has helped him grow as a businessman in his town. When asked what his biggest challenge is, he sites the lack of working capital. He says the saddest part is that, when he runs out of cash at his shop, he has to make his customers wait, while he goes out to look for money and in some cases ends business..

He is grateful for the opportunity to get a Kiva loan, as it will help boost his working capital and he will earn more profit. He thanks the Kiva lenders.

In this video, a representative from Zoona interviews Jimmy.

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
  • $870,100
    Funds lent in using Kiva
  • 5,190.8
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Jimmy to increase his cash on hand to make more money transfers.
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