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James is 31 years old and single. He recently began operating his own Zoona mobile money transfer business. Prior to that, he worked as a teller in one of the busiest Zoona mobile money transfer shops in Chililabombwe. He enjoyed working as a teller and worked diligently for five years learning the ins and outs of the business. Through time, James developed an interest in opening his own Zoona mobile money transfer business and received permission from his manager to start running his own outlet in the nearby city of Kitwe.

James is requesting a loan, which he will use to purchase a trading booth. This loan will enable him to serve more customers as the booth will be in a good location and will attract more customers. James will earn increased profits and provide him with the ability to expand his business. James is confident that as his business grows and becomes more profitable, he will be able to spend some of his profits on furthering his own education.

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
  • $857,225
    Funds lent in using Kiva
  • 6.4
    Zambia Kwacha (ZMW) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,575 helped James to purchase a trading booth.
35% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Jun 5, 2014
May 5, 2014
Currency Exchange Loss: