Funded

Total loan: $975
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Dominic

Zambia
Luanshya, Zambia / Services

A loan of $975 helped add to his capital so he can serve more people who want to send and receive money.


Dominic's story

Meet Dominic: he runs a business in the mining town of Luanshya in the Copperbelt province of Zambia. He needs a Kiva loan. This is his story . . .

My name is Dominic. I am married, and I have two daughters. I grew up here in the small town of Luanshya, where I run my business of sending and receiving money. I also sell groceries.

When I first started, I used to sell a lot of different types of sweets in a makeshift stand locally known as a kantemba. I worked very hard, and it took me seven years to build my own shop in a proper building. However, things did not get any better because I did not have a lot of stock, and there was nothing to entice customers to my shop. In 2009, I started to run mobile money transfers through Zoona. My business improved because even though I did not have a lot of stock in my shop, people would come in to ask about money transfers. This gave me the foot traffic that I needed.

Now that many people have come to know my shop, the money that I have in my business is not enough to satisfy my customers. I am appealing to the Kiva lenders to help me out with this loan so that I can add it to my working capital and have the freedom to serve customers who want to send and receive money at all times.



Loan details

Loan length:

26 months
Repayment schedule: At end of term
Disbursed date: December 22, 2012
Facilitated by Field Partner: Zoona International

Lenders and lending teams



Loan details

Loan length:

26 months
Repayment schedule: At end of term
Disbursed date: December 22, 2012
Facilitated by Field Partner: Zoona International