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What is your background?
My name is Ronny. I have two children, aged six and four years old. I am married and my wife runs a farm. When I competed high school in 2002, I did not have money to go to college and so I sold small things in the streets. Street-vending made me the person I am today because I came to learn a lot of things about life and about business.

What will you use the Kiva loan for?
I will use the Kiva loan to add to my operational capital, so that I can be able to serve customers who come and send and receive money from my shop.

What do you love about your business?
I love every aspect of running my own business, especially the fact that it has made me more sustainable. I am now able to provide for my family. It is also nice that I run a business that provides a service to all kinds of people.

What are the challenges that you face in your business?
So far, my business lacks enough working capital. Monze, as a town, has grown and clients have increased with its growth. So, with a small operating capital, it is very hard.

How does your business benefit customers in your community?
My business provides the quickest, easiest, and safest way of moving money in my hometown.

What are your hopes and dreams for the future?
My greatest dreams are to grow into the largest money transfer agent in Monze and to provide services to the expectations of my clients, and Zoona, which provides the platform.

How will the loan help you?
The Kiva loan will help to boost my operating capital, so that I do not run out of cash whenever my clients need it.

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
  • $857,225
    Funds lent in using Kiva
  • 5.3
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Ronny to serve customers who want to send and receive money from his shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Jun 27, 2013
May 28, 2013
Currency Exchange Loss:
Feb 17, 2014