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Phares is 60 years old. She runs a Micro-Distribution Centre (MDC), where she sells Coca-Cola products at wholesale to local retailers and customers.

Phares enjoys running her business because she sees it as a way to provide a service to people in her community as they do not have to use any transport money to get to her container to purchase drinks for resale. When asked what challenges she faces in running her MDC, Phares says she does not have enough empty bottles and so cannot order as much stock as she would like to. She also struggles with transportation from her house to her container, as there is quite a distance between the two places.

When Phares gets her Kiva loan, she will use it to order more empty bottles and order more drinks for her container. She is hopeful that this will give her business the boost that it needs.

Phares’s biggest dream is to become the biggest distributor of soft drinks so that one day her grandson can take over the running of her business. She thanks the Kiva lenders.

Additional Information

More information about this loan

This loan is part of Zoona's effort to provide working capital to micro-distributors in Zambia. Passionate about helping businesses grow by combining financing and electronic payment technology, Zoona provides loans to incentivize people to switch from cash to mobile payments, increase their stock levels, and open new mobile money outlets. The micro-distributors who receive these loans have been unable to access affordable credit from commercial banks. With Zoona, they can make sustainable income while increasing mobile money adoption in rural Zambia.

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

  • $4,100
    Average annual income
  • 10
    View loans »
    Zambia Loans Fundraising
  • $1,106,125
    Funds lent in using Kiva
  • 5.3
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Phares to order more empty bottles and drinks for her container.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
At end of term
Apr 21, 2013
May 29, 2013
Currency Exchange Loss:
May 17, 2014