Update on BiancaMeet Bianca. She used her first Kiva loan to increase the working capital for her Zoona mobile money transfer business. The loan helped her to serve her customers much faster, and she is now able to pay out large amounts of money without worrying about converting funds from electronic to cash. Bianca wants to let her Kiva lenders know that her profits have improved, and this has helped her move to a better house and send her four-year-old daughter to nursery school.
Bianca is now applying for a second Kiva loan which she plans to use to finance a second Zoona money transfer shop in her town of Kapiri-Mposhi. Bianca’s new outlet will offer mobile money transfers and Mobile Airtime to more rural customers. With this loan, she will be able to buy a new trading booth and a new phone, and she will use the remaining funds as a working capital float for her money transfer outlet.
Bianca is hopeful that once she opens her second shop, her revenue will double and she will be able to improve her education through distance learning. She would like to go back to school and repeat the subjects that she did not do very well in during high school, so that she can be a good example for her daughter.
Bianca thanks the Kiva lenders for their support with the growth of her Zoona mobile money transfer business.
Previous Loan DetailsBianca is 30 years old. She is friendly and very hardworking. She is a single mother to her three-year-old daughter whom she says is her pride and joy. She runs her own Mobile money transfers shop in a small town called Kapiri Mposhi located in Central Zambia. Her business is Mobile money tra... More from Bianca's previous loan »
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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.
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