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This is Daniel. He is a business owner in his hometown of Livingstone, Zambia. This is his story..

My name is Daniel. I am 30 years old and I have a daughter. I run an Internet café and mobile money transfer shop in my hometown of Livingstone. I need the loan so that I can increase my mobile money transfer working capital.

I enjoy running my own business, because I have the freedom to make decisions, and get to meet a lot of people. I have always wanted to run my own business, so in the year 2004 I quit my job and invested in the Internet café. My community benefits from my business because they can come to my shop to send and receive money at cheap rates. They also come in to stay up-to-date with what is happening in the world by browsing on the Internet.

When I get this loan, I believe my business will change for the better because I will be able to serve more customers who want to send money. An increase in my working capital will mean I get to make more profits. This will change my life because it will make providing for my daughter much easier.

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
  • 2
    View loans »
    Zambia Loans Fundraising
  • $1,284,550
    Funds lent in using Kiva
  • 5,190.8
    Zambia Kwacha (ZMK) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Daniel to have more people send and receive money from his shop so that he can earn more profits.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
At end of term
Dec 26, 2012
Nov 26, 2012
Currency Exchange Loss:
Sep 17, 2013