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Meet 37-year-old Josen. He is married and has two children, ages 15 and 16, who are both in high school. He runs a mobile money transfer shop in his hometown of Chingola. When Josen is not at his shop, he can be found at one of the local schools where he serves as a teacher.

Josen describes his business as the safest way for people to send and receive money from one place to the other. He is requesting a Kiva loan so that he can improve the business by adding more working capital. He explains that the business of money transfers is highly dependent on how much cash and electronic funds one has in the business, and currently he does not have enough money. The lack of money in his business makes him lose out on business as he cannot serve some of his customers, especially the ones that want to transfer large amounts of money.

From the time Josen started, he has employed one person to help him with the day-to-day transactions at his shop. He is hopeful that, once he gets the Kiva loan, his business will improve and he will make more profit. The profit will help Josen to provide for his family and save for his children's college education.

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 $950 helped Josen to increase his working capital float for his money transfer business.
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