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Charles is 60-years-old. He describes himself as a dedicated father, grandfather, husband and friend. He lives in a town called Mongu, located in the western province of Zambia. Charles sells Coca-Cola products to local retailers in his community.

Charles has been running his business for ten years. On any given day, Charles can be found at his shop shipping containers filled with crates of Coke, Fanta, and Sprite. He enjoys running his business because it gives him the chance to interact with other small business owners in his hometown. He says his business is the only source of income that his family has.

Charles has applied for this loan to purchase more stock such as Fanta, Coca-Cola and Sprite for his shop. The loan will help him to expand his business activity and earn more income. This is very important in order for him to be able to cover the family's basic costs and ensure a better life for them.

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
  • 4
    View loans »
    Zambia Loans Fundraising
  • $1,087,775
    Funds lent in using Kiva
  • 5.6
    Zambia Kwacha (ZMW) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $900 helped Charles to order more soft drinks for resale.
91% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Jan 16, 2014
Dec 21, 2013
Currency Exchange Loss:
Apr 18, 2015