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John is a 50-year-old father of four children, ages 22, 18, 19 and 12. All his children are currently attending school. He lives in Ndola, located in the Copperbelt province of Zambia, with his wife, children and their four dependants. He runs his own business, which is a Micro-Distribution Centre (MDC), where he sells Coca-Cola products wholesale to local retailers and customers. He has been running his business for 25 years now.

John says he loves his business because it is a way for him to provide for his family rather than solely depending on his day job. When asked how his community benefits from the business, John is quick to say his business provides a local location to other small business owners in his community to purchase soft drinks. Without his location, small businesses would have to travel to the city and waste time and money on transportation.

Now, John is requesting a Kiva loan so that he can increase his line of products. Currently, he only stocks Coca-Cola and Fanta in glass bottles, on a very small scale. This loan will help him to add Sprite and increase the volume of his product line. This increase in volume will help John turnover more sales and earn additional income.

John has high hopes for the future. He dreams of being able to distribute a variety of Coca-Cola products, on a larger scale. With his profits, he plans on making sure his children get a good education.

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
  • 18
    View loans »
    Zambia Loans Fundraising
  • $1,185,700
    Funds lent in using Kiva
  • 6.2
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped John to add Sprite and increase the volume of his product line.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
At end of term
Sep 5, 2014
Aug 21, 2014
Currency Exchange Loss:
Jun 3, 2015