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Meet 35-year-old Allan. He lives in a town called Mpika, in the northern region of Zambia with his wife and 7-year-old son. He offers financial services to people in his community by providing the service of money transfers and bill payments.

Allan started running his business two years ago with the start up capital of $1,000, which he borrowed from some of his family. He has slowly built up his cash and is now working with a working capital float of $2,900. The proceeds from the business help Allan to provide for his family as it is his only source of income. He says running a small business without access to loan funding has been challenging. He has worked extra hard to insure that the business remains operational.

Allan has requested a Kiva loan so he can grow his mobile money business to service more customers by providing a safe way to send, receive, and pay bills through his shop. He will add the Kiva loan to his working capital, which will enable him to serve additional customers.

Allan is confident that once he receives his loan, he will earn more profits and improve his family's standard of living.

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
  • $866,400
    Funds lent in using Kiva
  • 5.5
    Zambia Kwacha (ZMW) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Allan to grow his mobile money business to service more customers in his community who need financial services.
95% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Dec 29, 2013
Nov 30, 2013
Currency Exchange Loss:
Feb 17, 2015