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Mwila has just completed her training with Mobile Transactions Zambia to start running her own mobile money transfer business as a champion agent. This is her story….

My name is Mwila. I am the mother of a 1 year, 10 months old son. I grew up in a town called Chipata, and I am the fifth born in a family of six. I came to Lusaka, the capital city of Zambia, to undergo training so that I can start running my own shop. I have successfully completed this training and now need a loan to start running my shop.

I intend to open my shop in my hometown of Chipata, because I feel the community there will benefit in having easy access to send and receive money to and from their friends and relatives. Also, the way I look at it, Chipata is a city in waiting and people there have caught up with technology and need as many mobile money transfer shops as possible.

With this Kiva loan I will be able to start running my own shop. I will pay rental for the trading booth, which I will be using for transactions. I will also use the money to brand my booth, hire at least one person, and get some chairs and phones.

I am very excited to get a Kiva loan and start running my own business because the profits that I will start earning will enable me to provide a good life and education for my son.

In the video, a representative from Mobile Transactions interviews Mwila.

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
  • 3
    View loans »
    Zambia Loans Fundraising
  • $1,283,000
    Funds lent in using Kiva
  • 4,860.0
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $5,000 helped Mwila to open up a mobile money transfer shop.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
At end of term
Aug 25, 2012
Jul 28, 2012
Currency Exchange Loss:
Dec 17, 2013