A loan of $4,400 helped to purchase two new booths to expand his mobile money business to serve more customers in need of sending or receiving money.

Mundia's story

Mundia is a successful mobile money transfer agent located in the western province town of Mongu, Zambia. Through years of hard work and dedication he has steadily grown his business from one outlet to 14. Currently, Mundia has 22 employees working at his 14 locations throughout western and northwestern Zambia.

Upon receiving his first Kiva loan Mundia was able to invest in his working capital to grow the business by serving more customers needing to send and receive money. In time, he opened three additional outlets with his increased profits.

Mundia talks about how, by reinvesting back into the business, he was able to earn more commissions and with his increased revenue, open new locations. Some locations may not be profitable for up to six months but in time all of Mundia’s outlets have become profitable. Having access to finance has fueled Mundia’s expansion and allowed him to provide 22 jobs in rural locations throughout Zambia where employment is very difficult to find.
Mundia is happy now because he is able to provide well for his family. Two of his children recently completed secondary school. Another two of Mundia’s children help manage his outlets in rural locations. The mobile money business has improved his and his family's income and well-being greatly.

Now, Mundia is requesting his fourth Kiva loan to purchase two trading booths which he will use to expand his business further. He will also use the loan to add working capital to the three mobile money outlets he is about to open.

Mundia remains grateful to all the Kiva lenders who have provided him the financial opportunity to expand his business

Loan details

Lenders and lending teams

Loan details