Total loan: $4,425
Sesheke, Western Province, Zambia / Services
Flag of Zambia
Matokwani's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to grow his mobile money business and to service more customers in his community who need financial services.
Matokwani is 31 years old and married with one child. He operates a mobile money transfer business in the border town of Sesheke, located in the Western province of Zambia near the Zambezi River. This is Matokwani’s fourth loan from Kiva. He would like to take this opportunity to thank his lenders for helping him grow his business. The previous loans allowed Matokwani to serve his customers more efficiently because of an increase in his working capital. He also has been able to grow the number of outlets he currently operates from one to two. Furthermore, Matokwani has been able to purchase a laptop and internet modem with his profits to help him serve his customers much faster and manage his accounts better. With some of the profits from his business growth, Matokwani has been able to enroll himself to study part-time at a college institution. He also continues to pay for his niece’s school fees. He has fully repaid two of his loans and continues to do well in his business. Matokwani has requested another loan from Kiva in order to boost the working capital float at his second outlet. He is now offering bill payments and needs more money at his second outlet to service these additional customers. He will also use part of the money to pay for his mobile money trading booth. He thanks all the Kiva lenders for their continued financial support through the years which has enabled him to grow his business and better provide for his family.