Check out some available loans that are similar to this one!
Cecilia is a single 34 year-old mother with a five-year-old daughter. She operates a Zoona mobile money transfer business at a shopping center located in Lusaka, Zambia. Having been raised by her single mother, she now works very hard so that her daughter will have better opportunities and less hardship than she did during childhood.

Upon graduating from college with a diploma in Marketing, Cecilia began working for Southern Cross Motors as a sales consultant. This is her full-time employment. However, she sees more opportunity for income in her mobile money transfer business that she runs to supplement her earnings and provide for her daughter and 72 year-old mother.

This loan will allow Cecilia to grow her business by adding needed working capital to service additional customers in need of financial services at her shop. Cecilia sees the opportunity this loan can provide her in growing the business and earning more profits. She hopes to be able to grow the business so she can leave her sales job and focus completely on growing her business. This will also allow her more flexible working hours so she can spend more time with her young daughter.

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.


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 $950 helped Cecilia to add on to the money she uses to serve customers so that she can grow her mobile money business and serve more customers in need of financial services.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Nov 29, 2013
Nov 15, 2013
Currency Exchange Loss:
Nov 20, 2014