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This is 30-year-old Msanide. He is married and has a 7-year-old son who is in grade one. Msanide has just completed a training with Mobile Transactions to start running his own mobile money transfers shop.

Msanide is excited to start running his own business because he sees this as a way for him and his family to be empowered. He says the profits he will be getting from his business will help him provide for his family.

When he gets the loan, Msanide will be able to start his business by paying rent for his shop, buying two phones to use for transactions, and procuring some T-shirts and stationery.

He is hopeful that once he gets the Kiva loan, he will be able to start to save up enough money to see his son through college.

In the Video, a representative from Mobile Transactions interviews Msanide.

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
  • 1
    View loans »
    Zambia Loans Fundraising
  • $1,216,650
    Funds lent in using Kiva
  • 5,155.0
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Msanide to pay rent for his shop, buy two phones, some T-shirts, and stationery.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
Jun 25, 2012
Jul 5, 2012
Currency Exchange Loss:
Dec 17, 2013