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Update on Mwila

Mwila is 26 years old and was born into a family of six. Now, she has a two-year-old son and lives in the town of Chipata, Zambia. Mwila is a successful micro-entrepreneur who has been operating her own Zoona mobile money transfer business since receiving a Kiva loan in mid 2012.

Currently, Mwila employs one other individual to assist in the day-to-day operations of her business; she hopes to employ more people in the future as her business grows. Mwila takes pride in her Zoona business and strives to create an atmosphere that is welcoming to her customers and keeps them coming back. She enjoys the opportunity that comes with being responsible for the success of her small enterprise. With Zoona’s platform, Mwila says her business has the competitive advantage of being cheap, fast, and easier to use compared to other competitors.

Upon receiving the loan, Mwila plans to obtain a new trading booth to set up operations in the small town of Nyimba, located in the eastern province of Zambia. This new location Mwila believes will bring additional profit and growth to her business. She’s hopeful that as her business expands it will enable her to take good care of her growing son. Mwila is thankful to the Kiva lenders for their continued support.

Previous Loan Details

Mwila has just completed her training with Mobile Transactions Zambia to start running her own mobile money transfer business as a champion agent. This is her story…. My name is Mwila. I am the mother of a 1 year, 10 months old son. I grew up in a town called Chipata, and I am the fifth born i... More from Mwila's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Zambia

  • $4,100
    Average annual income
  • 3
    View loans »
    Zambia Loans Fundraising
  • $1,283,000
    Funds lent in using Kiva
  • 5.3
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,175 helped Mwila to obtain a trading booth so that she can expand her mobile money transfer business to another town.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
At end of term
Oct 30, 2013
Oct 7, 2013
Currency Exchange Loss:
Apr 18, 2015
This photo was used before for a previous loan for Mwila. It was first posted on Kiva on Jul, 2012. Learn More