A loan of $2,025 helped to grow his business by opening a second Zoona mobile money transfer outlet in Kazungula town.


Alfred's story

Alfred is 61 years old. He has six children and seven grandchildren. He lives in his hometown of Kazungula where he has been running his Zoona mobile money transfer business for four years. This is Alfred’s second Kiva loan. When he got his first loan, Alfred was able increase his working capital float. He also hired two employees to help him run the day-to-day business. Today, Alfred is taking out another loan, so that he can grow his business by opening his second Zoona mobile money transfer outlet in Kazungula town. Alfred says there is a new school being opened and he plans to open his new Zoona money transfer outlet close to the district council. This will serve the teachers and pupils wanting to send and receive money. Alfred will use the money to purchase a new phone to help him make transactions and use the rest of the money as working capital float for his new outlet. He is hopeful that the new loan will help him earn more profits, so that he can continue to take care of his family. Alfred thanks the Kiva lenders for giving him a chance to grow his business. In this picture, Alfred sits with his two employees, Esther, on his left, and Euphemia, on his right, whom he has employed straight out of high school.



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Loan details