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Meet Andrew. He is married and has five children who all go to school. He runs a hardware and mobile money transfers shop in his hometown of Kalomo.

Andrew has been running his business for three years. He says most of his customers are local farmers and children who go to a nearby boarding school. They come to his shop to receive money from their parents and sponsors. He says his customers like transacting from his shop because he treats them with respect.

When asked what his biggest challenges are, Andrew is quick to say that he struggles to serve his customers on time, due to low working capital. He sometimes borrows money from neighboring shops just so that he can pay out because he does not believe in turning away customers.

Andrew needs the Kiva loan so that he can add to his working capital and make more commission. He says he will continue to grow his working capital until he is able to pay out customers without having to keep them waiting. He looks forward to taking out another Kiva loan once he has repaid this one.

This business is Andrew's only source of income and he uses his profits to take care of his family and send his children to school.

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
  • 5,249.8
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Andrew to add to his working capital so that he can have adequate money to serve his customers.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Nov 13, 2012
Dec 4, 2012
Currency Exchange Loss:
Feb 17, 2014