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Morgan is 34 years old and is a farmer in Chibombo District, Zambia. Morgan is requesting a loan so that he may obtain a water pump from Rent to Own.

During the dry season in Zambia, Morgan grows and sells vegetables to support his family. Dry season vegetable production is big business for many small farmers in Chibombo District. Using buckets, farmers draw water from nearby wells and streams and produce vegetables to sell in Zambia’s cities.

Despite his age, Morgan is an experienced gardener, selling fresh produce in one of the capital city’s major markets for almost 15 years. He plans to use a water pump to expand his production this year and increase his income.

Rent to Own has completed a business plan with Morgan, and will deliver the water pump directly to his farm. Rent to Own will also provide training on how to properly use and maintain the water pump, and provide on-going support until his loan is complete.

This year Morgan will grow several different high-value vegetables, including green peppers, onions and a local eggplant called “Impwa”.

Additional Information

More information about this loan

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. 

About Rent-to-Own

Rent-to-Ownis a social enterprise that supports entrepreneurs in rural Zambia by providing financing and access to productive assets at low prices. The company uses a product catalogue for clients to purchase equipment needed to grow their businesses, and a network of local agents who leverage their social networks to decide if clients are credit-worthy.

Once clients are approved, Rent-to-Own provides a holistic set of services including delivery, installation, training, and repair services for their equipment to give clients the highest possible chance of succeeding. All equipment has a 30% mark-up over Rent-to-Own's purchase price. This mark-up covers all the logistical transportation costs that Rent-to-Own incurs in order to deliver the asset to the borrower, to provide training, ongoing support and to cover transaction costs. Kiva lenders’ funds are used to test new forms of asset financing to help more clients in new and innovative ways.

Rent-to-Own joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

About Zambia

  • $4,100
    Average annual income
  • 19
    View loans »
    Zambia Loans Fundraising
  • $1,185,825
    Funds lent in using Kiva
  • 6.3
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Morgan to obtain a water pump for irrigation.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 28, 2014
Apr 23, 2014
Currency Exchange Loss:
Oct 17, 2014