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Sekela is 30 years old. She is friendly and works very hard to take care of her family. She is happily married with two children, aged three and one. She lives in a town called Chipata, located in the eastern part of Zambia.

Sekela runs a Zoona mobile money transfer business. She offers financial services to people in her community. Before running her own mobile money business, Sekela worked as a data operator for one of the breweries in the country. This previous experience has helped in the day-to-day running of her current business.

Sekela says the community benefits from her business of mobile money transfers because people do not have to pay large sums of money or travel to the city of Lusaka to access financial services. She is very pleased with the business because it allows her to have a livable income at the end of the month to pay for her house rentals and provide for her family.

Sekela is requesting her first Kiva loan to expand her business and boost her working capital. This will increase her revenue by allowing her to provide service to more customers.

Sekela’s biggest dream is to someday build her own house for her family. She thanks the Kiva lenders for their assistance.

Additional Information

More information about this loan

This loan is a combination of the following: 1) Capital Growth Loan: An asset-based loan provided to both existing and new Zoona agents for setting-up or expanding their mobile transactions business. Part of the amount is an in-kind loan to enable agents to acquire assets for their mobile transaction business. For existing agents, the loan is designed to inject medium-term working capital assistance to purchase additional assets or expand to new locations thereby helping their businesses grow. 2) Electronic Float Advance: Short-term liquidity assistance to qualifying Zoona agents to allow them to make mobile money payments when their electronic balance is too low to meet their immediate business needs. The loan is intended to provide borrowers with a boost to their electronic float to allow them to handle more revenue generating transactions and also give them a means to support transactions during peak demands. The borrowers will be able to draw down their electronic advance on a per-transaction basis. There are no monthly repayments, rather the borrowers will earn less commission on per transaction basis on the funds utilized from the advance. Repayments will include fixed monthly repayments for the capital growth portion and a bullet payment at the end of an 18-month term for the electronic float advance. By supporting this loan, you’re helping an entrepreneur set up or expand their business.

About Zoona:

Zoona is a mobile money operator that invests in emerging entrepreneurs in Africa who provide underserved communities with financial inclusion. 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. Kiva loans made through Zoona provide mobile banking service agents with funding for fixed asset purchases, setup expenses, and working capital float to ensure resources to manage cash in/out transaction requests.


About Zambia

  • $4,100
    Average annual income
  • 18
    View loans »
    Zambia Loans Fundraising
  • $1,185,400
    Funds lent in using Kiva
  • 5.6
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Sekela to expand her business by boosting her working capital so that she can serve more customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Mar 13, 2014
Feb 14, 2014
Currency Exchange Loss:
Aug 17, 2014