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Henry is 31 years old and is the sixth born in a family of nine. Currently, Henry is engaged and lives in Lusaka, where he operates his mobile money transfer business. The business not only provides for himself, but also his siblings.

Henry likes to describe his business as the service of sending and receiving money from one location to another in Zambia. He started operating the business as a way to provide for his family. Henry enjoys the business because it is an opportunity for him to provide much needed financial services within the community. He enjoys interacting with all the customers from different walks of life that do business at his outlet.

Henry requests a Kiva loan to purchase a trading booth to expand his mobile money business to serve more customers who need to send or receive money.

Henry is grateful for the opportunity to be connected to Kiva lenders. He explains that access to financing as a small business owner in Zambia is very difficult. With his loan, Henry plans to grow his business by opening a new outlet. This is the first step in his goal of continuing to grow his business.

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
  • $870,100
    Funds lent in using Kiva
  • 6.0
    Zambia Kwacha (ZMW) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,750 helped Henry to purchase a trading booth and increase the money he uses to service his customers.
96% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
At end of term
Apr 17, 2014
Mar 18, 2014
Currency Exchange Loss:
Apr 18, 2015