Total loan: $4,025
Mansa, Luapula Province, Zambia / Services
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A loan helped To grow his Zoona mobile money transfer business by providing funds to start a new outlet, including buying a trading booth, new phone, and employing a teller.
50-year-old Golden, continues to grow his Zoona Mobile money transfers business thanks to the opportunity he has to access working capital through Kiva. He has been running the business for 4 years now and is a father of 4 and has 1 grandchild. This is Golden’s third Kiva loan, he used his first loan to buy a new computer and increase his working capital float for his shop in Mansa. He used the second loan to open two new outlets in the towns of Kashikishi and Kawambwa. These two locations are now opened and transacting but are not yet profitable. Today Golden continues in his quest to have more mobile money transfer outlets opened. He is requesting a Kiva loan to help him finance opening another shop. Golden's Kiva loan will serves as start-up capital for his micro-business. He will be able to purchase a trading booth, two new phones, and employ one person to do the day-to-day transactions at his new business. Golden would like to take this opportunity to thank his lenders for their support. He is grateful for this opportunity and hopeful that he will continue to grow the business.