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Clement And Tresfold Group
In this Group: Clement, Tresfold
Tresfold, 37, and Clement, 29, have been business partners for two years. They own a Zoona mobile money transfer business in one of Lusaka's busiest bus stations. They are both married and live in Lusaka with their wives. Tresfold and Clement used to work for a bus service together. They each diligently saved money from their salaries, and eventually were able to open a Zoona shop at the bus terminal. Currently, their business is their only source of income and they make all the transactions themselves. Tresfold and Clement say they enjoy running their own business because it gives them freedom to make their own decisions. They describe their business as the easiest way for people in Zambia to transfer money safely.

Tresfold and Clement have requested a Kiva loan to increase their working capital to serve more customers sending and receiving money at their shop and grow their business. This is the first time they are requesting a Kiva loan. As young micro-entrepreneurs in Zambia, working capital is very difficult to find. Tresfold and Clement appreciate the opportunity to be linked to Kiva lenders.

Tresfold and Clement have large aspirations for their business. One day, they plan to become the largest Zoona mobile money transfer agents in the capital city of Lusaka. They believe their loan is the next step in helping them achieve this goal.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.


About Zambia

  • $4,100
    Average annual income
  • 1
    View loans »
    Zambia Loans Fundraising
  • $1,216,650
    Funds lent in using Kiva
  • 5.3
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A portion of Clement And Tresfold Group's $4,775 loan helped a member to increase their working capital to serve more customers sending and receiving money at their shop and grow their business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
At end of term
Sep 19, 2013
Oct 8, 2013
Currency Exchange Loss:
Mar 17, 2015