A loan of $1,875 helped to grow his mobile money business and serve more customers in need of financial services.

Stephen's story

Steven is 35 years old and engaged to marry his partner, Kombe. He lives in a rented house with his older sister. His background is in mechanics but now Steven successfully runs a Zoona mobile money transfers business in Lusaka, Zambia.

Steven began his business a year ago with limited start up capital. Through hard work he has doubled his capital but it is still not what is necessary to service all his customers' needs to transfer money. Steven cannot service anyone wanting to send or receive larger sums of money due to his limited funds. The reason for the loan is so Steven can increase his working capital in order to service more customers and earn additional profit.

Steven loves running his business because it provides an easy way for people to transfer their money. He uses some of the earnings from his shop to support his siblings and pay for utility bills. He is very hopeful that once his loan comes in, he will earn more profits and be able to provide for his soon-to-be wife.

Loan details

Lenders and lending teams

Loan details