Shelly would like to serve customers who want to send and receive larger amounts of money, but because of her lack of working capital, she can’t. So she is applying for a 7500 ZMW loan through Zoona to add to her working capital, which is currently at $1000.
Shelly is happy with the opportunity to get this loan, as it will help her earn more in profits that will be used to enlarge her business. Her earnings will also help her to pay for her sister’s school fees.
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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.
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Success!! The loan was 100% repaid