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Rosemary is a retired mother of 6. She runs her own business, which sells Coca-Cola products. She is 57 years old. She is requesting a Kiva loan so that she can grow her business by buying more stocks for her shop.

Rosemary has been running her business for one year. Before she started the business, she worked at a college as a matron and guidance counselor for 27 years. Today, Rosemary spends her days at her red and white cooler where she sells drinks. When asked what challenges she finds in running her own business, she says she does not have enough working capital to grow her business, and as such she can not order enough stock and sometimes goes for a period of time without having drinks to sell.

Rosemary is hopeful that once she gets her loan, she will be able to order more drinks. This will help her earn more profits from her business.

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
  • 7
    View loans »
    Zambia Loans Fundraising
  • $1,106,025
    Funds lent in using Kiva
  • 5.3
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,825 helped Rosemary to order more drinks.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
At end of term
Apr 21, 2013
May 29, 2013
Currency Exchange Loss:
Jul 17, 2014