A loan of $1,850 helped to increase her working capital so that she can serve more customers and grow her Zoona mobile money transfer business.


Grace's story

Grace is a single mother of three children, ages 12, 9 and 7. She is 32 years old and recently relocated from her hometown of Lusaka to set up her own Zoona mobile money transfer business in Chipata, a town located 760 kilometers away from her hometown. Grace believes in hard work. Every morning, she wakes up motivated by the fact that soon her business will grow bigger and enable her to take better care of her children. However, she faces a few challenges, one of which is a lack of working capital. She is currently operating her money transfer business with a minimum working capital of $2,000. This is not hardly enough for her to serve her customers with ease, as she is constantly running out of cash and losing out on profits. This is Grace’s first Kiva loan. She plans to use her loan to add on to her working capital float so that she can grow her business and bring in enough revenue to allow her to send money back home to her mother, who is currently taking care of her children while she settles down in Chipata. Grace dreams of becoming the biggest Zoona mobile money transfer agent in Chipata. She thanks the Kiva lenders.



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Loan details