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John lives in a rented house with his wife and three children. He is 35 years old. He works very hard to support his family through his Zoona mobile money transfer business.

John started running his Zoona mobile money transfer business in 2012. He started the business with working capital of $1000. By saving and reinvesting his earnings he has grown his working capital to $2000 and is very happy with the growth. John says he loves his business because it is a way for him to provide for his family and at the same time provide a good service to his community. He explains that the people in his community of Chipata compound benefit from his business because they do not have to spend money traveling to other parts of Lusaka to access mobile money transfer services.

John has requested a Kiva loan so he can grow his business by increasing his working capital so he can serve more customers who are sending or receiving money at his shop and increase his earnings.

John dreams of opening up another mobile money transfer shop very soon. He is grateful to Kiva and Kiva lenders for this opportunity.

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
  • 5.4
    Zambia Kwacha (ZMW) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,550 helped John to grow his Zoona money transfer business by adding to his working capital and serving more customers.
96% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Sep 14, 2013
Aug 20, 2013
Currency Exchange Loss:
Apr 18, 2015