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Livingstone is home to one of the world’s seven natural wonders, Victoria Falls. This magnificent place is where 30-year-old Allan runs his mobile money transfer business.

Allan started running his business in June 2009 whilst working in an internet café. When he first started, he only served 10 to 20 customers in a day, but this is no longer the case. Allan now boasts of being one of the most successful mobile money business owners in the country. His customers now range from 60 to a 100 in a day. It is because of this growth that in February 2010, he opened his second shop which is also doing well.

Allan believes he is successful in his business because of his commitment to offer the very best customer service. He is happy to be able to provide a service that makes people’s lives easier.

Running a business comes with many challenges. Allan’s biggest challenge is that the trading booth he is currently at his second outlet is not his. It belongs to a bus service. The owner of the bus service was kind enough to let him use a part of his space for his mobile money transfers. The trouble he says is that, his customers are inconvenienced, as there is no protection against weather elements such as rain or sun. He needs the Kiva loan to be able to buy his own trading booth, which will have a shade and some seats so that his customers can sit as they do the transactions.

His appeal to the kiva lenders is that they keep helping small businesses such as his because it goes a long way.

Allan dreams of opening up more shops in his beloved home town as the demand for his services keeps increasing. He would like to see a mobile money transfer shop at every corner in Livingstone.

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
  • 5
    View loans »
    Zambia Loans Fundraising
  • $1,274,000
    Funds lent in using Kiva
  • 5,312.0
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,900 helped Allan to purchase a new trading booth for his second shop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
Mar 28, 2012
Apr 10, 2012
Currency Exchange Loss:
Sep 17, 2013