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Shelly
A hardworker, Shelly is 31 years old and lives in Lusaka with her mother and four siblings. She sells mobile money transfers and airtime credit.


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.

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
  • $849,075
    Funds lent in using Kiva
  • 5.3
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Shelly to grow her mobile money transfers and airtime credit business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
May 17, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014