Check out some available loans that are similar to this one!
Victor, age 46, works very hard to support his family through his Zoona mobile money transfer business. He has three children, ages 21,19 and 10. All of his children are currently attending school. He has requested a loan from Kiva so that he can serve customers at a new location in Mandevu township, where mobile money financial service is needed in the community.

Victor has been running his mobile money transfer business for four months. He says that his community benefits from the business, because it is affordable, user-friendly, and accessible. He currently works alone at his green trading booth and is hopeful that, once his business grows, he will be able to hire additional employees and expand operations.

This loan will help Victor on the path to building a viable business that can provide for his family and community throughout the year. It is for this reason that Victor is asking Kiva lenders to help him, so that he can secure additional working capital and grow his business with more cash-on-hand.

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
  • $1,185,825
    Funds lent in using Kiva
  • 6.2
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Victor to provide essential transaction funds to service customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Jul 19, 2014
Jun 24, 2014
Currency Exchange Loss:
Jun 1, 2015