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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 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
  • 7
    View loans »
    Zambia Loans Fundraising
  • $857,225
    Funds lent in using Kiva
  • 6.2
    Zambia Kwacha (ZMW) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $425 helped Victor to provide essential transaction funds to service customers.
35% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Jul 19, 2014
Jun 24, 2014
Currency Exchange Loss: