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Ganizani, 29, is excited about the opportunity to access a Kiva loan. He runs a Zoona mobile money transfer business in his hometown of Kabwe. His business provides financial services to people in the community.

Ganizani completed high school in the year 2004 and then pursued a degree in business administration at a local university in Kabwe. Seeing a need in his community, Ganizani decided to begin operating his mobile money business recently.

Ganizani is excited to be running his own business because he sees this as a way for him to be empowered. He is hopeful that once he gets the loan, he will serve more customers and make additional profit. He says the profits from his anticipated growth will help him send money back home to his parents.

He is requesting a Kiva loan to help him purchase a trading booth. This booth will help his business through improved branding/advertising and the shop will be put in a good high traffic location that will make it easy for new customers to use.

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
  • 19
    View loans »
    Zambia Loans Fundraising
  • $1,185,700
    Funds lent in using Kiva
  • 6.9
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Ganizani to purchase a branded trading booth.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
At end of term
Jun 30, 2014
Jun 5, 2014
Currency Exchange Loss:
May 23, 2015