Funded

Total loan: $975
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Mark

Zambia
Mwandi, Zambia / General Store

A loan of $975 helped to open another shop in a nearby village.


Mark's story

Mark is 30 years old. He is married and has a 12-year-old daughter. He owns a grocery shop and offers mobile money transfers in Mwandi, a village located in the southwestern corner of Zambia.

Mark says he loves running his business because he likes bringing new products to his customers. One of the products he offers in his grocery shop is mobile money transfers. This is the sending and receiving of money. He has been offering this service for two years now. His customers are mostly local fishermen and some officials from the king’s palace.

Mark is very grateful for the opportunity to be on Kiva and possibly get his loan funded because he is not able to get a loan from a commercial bank. This is due to the fact that his hometown of Mwandi is under customary laws and therefore his shop has no title deed, which is a requirement for banks to issue loans.

When Mark gets his loan, he would like to expand his business by opening another grocery and mobile money transfer shop in a nearby village called Sichili. He is convinced that this will help him grow his business, because there are a lot of people who come to his shop wanting to send money to Sichili but there is no mobile money transfer outlet there.

Mark thanks the Kiva lenders.



Loan details

Loan length:

14 months
Repayment schedule: At end of term
Disbursed date: November 29, 2012
Facilitated by Field Partner: Zoona International

Lenders and lending teams



Loan details

Loan length:

14 months
Repayment schedule: At end of term
Disbursed date: November 29, 2012
Facilitated by Field Partner: Zoona International