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Benjamin is 36 years old. He is a hard-working man with a great desire to learn. He is married and has two children who he loves very much; they are both in school.

Benjamin owns a business in his hometown of Luanshya, where he lives with his family. His business deals in mobile money transfers. This means that people go to Benjamin's shop to receive and send money to their loved ones.

He has applied for a loan to enable him serve customers who want to send and receive large amounts of money from his shop. Right now, Benjamin says he is not able to serve customers who want to transact large amounts because he does not have enough working capital to do so.

This is Benjamin's first loan and he is grateful for the opportunity to finally grow his business. He dreams of owning a pool of businesses and employing a lot of young people so that he can contribute to the economy.

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
  • 5.4
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Benjamin to gain working capital to serve customers who want to send and receive large amounts of money.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
May 11, 2013
Apr 13, 2013
Currency Exchange Loss:
Jan 17, 2014