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Mwanida is a 28-year-old single mother. She lives in Lusaka, Zambia where she manages a mobile money outlet. The business provides for her and her three year old son, Raymond.
Mwanida knows the mobile money business well as she previously worked as a teller for years. Now, managing a shop has enabled her to earn more income to provide for her mother, her son, and other day-to-day costs.
Mwanida has plans to use the loan to add to her working capital float so that she can service more customers making financial transactions. With her client base increasing, Mwanida sees potential in growing the existing shop and using the profits to open another outlet. Mwanida would eventually like to return to school to study Marketing. She sees this business as a good way to earn money to pay for schooling, as well as provide for her growing son.

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
  • 4
    View loans »
    Zambia Loans Fundraising
  • $1,272,125
    Funds lent in using Kiva
  • 5.5
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,750 helped Mwanida to add to her working capital float so she can service more customers making financial transactions.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Dec 22, 2013
Nov 25, 2013
Currency Exchange Loss:
Mar 17, 2015