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Terry, 51, is an experienced farmer and shop owner, with a family of twelve from the farming area of Chibombo District, Zambia. She is asking for a Kiva loan to buy a maize milling machine so that she can provide a milling service to over 300 families in her community.

The maize milling machine takes raw maize (corn) and creates a maize flour which is the staple food in Zambia. Most families in Chibombo District grow maize on their small farms and store it and use it as their primary supply of food for the year. After the kernels are removed from the cob, they then have to be milled to create a flour, which can then be boiled to make what is locally called Nshima. Terry is already operating a small shop in the community and wants to expand by adding the maize mill as a service.

Rent-to-Own has done market research in her community and has determined that the location for this equipment is ideal. The closest maize mill is 11km away from Terry, but it is currently not functional. This means most clients have to travel more than 15km to a roadside community, and since most clients walk or use their bicycles to travel to the maize mill, it is certain they will prefer to use this maize mill rather than traveling a longer distance.

Equipment such as a maize mill can be a major boost for many business women such as Terry, as it allows for her to diversify her business. Unfortunately, the upfront costs of such a maize mill can be very prohibitive. Once she secures a loan, Terry will be able to get a maize mill from Rent-to-Own, which will deliver the equipment to her farm, as well as provide training on how to use and maintain it. With a maize mill, Terry can continue to build her business and better serve her community.

This loan will help Terry on the long road to building up her viable businesses that can provide for her and her family throughout the year. It is for this reason Terry is asking Kiva lenders to help her with the loan so that she can secure a maize mill as soon as possible.

Additional Information

More information about this loan

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. 

About Rent-to-Own

Rent-to-Ownis a social enterprise that supports entrepreneurs in rural Zambia by providing financing and access to productive assets at low prices. The company uses a product catalogue for clients to purchase equipment needed to grow their businesses, and a network of local agents who leverage their social networks to decide if clients are credit-worthy.

Once clients are approved, Rent-to-Own provides a holistic set of services including delivery, installation, training, and repair services for their equipment to give clients the highest possible chance of succeeding. All equipment has a 30% mark-up over Rent-to-Own's purchase price. This mark-up covers all the logistical transportation costs that Rent-to-Own incurs in order to deliver the asset to the borrower, to provide training, ongoing support and to cover transaction costs. Kiva lenders’ funds are used to test new forms of asset financing to help more clients in new and innovative ways.

Rent-to-Own joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.


About Zambia

  • $4,100
    Average annual income
  • 1
    View loans »
    Zambia Loans Fundraising
  • $1,216,650
    Funds lent in using Kiva
  • 5.4
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Terry to pay for a maize milling machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Aug 29, 2013
Currency Exchange Loss:
Dec 24, 2014