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Meet 50-year-old Romas. He is married and has eight children, all of them are in school. Romas sells Coca-Cola products on a wholesale basis to local retailers and customers in Mandevu compound, a high-density area north of the capital city in Lusaka, Zambia.

Romas has been running his business for nineteen years. On any given day, Romas can be found at the red and white 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 community. He talks about how his business is the only source of income that his family has.

Romas has applied for a Kiva loan to purchase more stock such as Fanta, Coca-Cola and Sprite. By purchasing this additional stock it will help with expanding his business and profit. Romas is confident that accessing microfinance will allow him to grow his business and provide a better life for his wife and children.

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
  • 6.2
    Zambia Kwacha (ZMW) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $2,425 helped Romas to buy more stock, such as Fanta, Coca-Cola and Sprite for his wholesale business.
95% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
May 16, 2014
Apr 19, 2014
Currency Exchange Loss:
Apr 18, 2015