A loan of $950 helped to increase his working capital and allow him to serve customers sending and receiving larger amounts of money at his shop.

Laston's story

Laston is 45 years old and owns a Zoona mobile money transfer business in Lusaka city center with his wife. They live in a rented house with their four children and two of his wife’s sisters.

Laston likes to describe his business as the service of sending and receiving money from one location to another in Zambia. He started operating the business as a way to provide for his family and empower his wife. Laston enjoys the business because it is an opportunity for him to serve his community. He enjoys interacting with all the customers from different walks of life that do business at his outlet.

The reason for Laston’s loan request is his big challenge of having very little working capital to service his customer base. When customers want to send large amounts of money, he cannot serve them. It also makes operations difficult because he is always running back and forth to the bank to maintain enough cash to serve customers. This Kiva loan will enable Laston to more than double his working capital float and in turn, serve more customers. This will bring his business additional profit as well.

Laston’s dream is to take care of his family and educate his children. He would like his kids to have the education that he never had the opportunity to receive. Laston believes if he can grow his business this dream will become reality.

Loan details

Lenders and lending teams

Loan details