Funded

Total loan: $1,625
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Allan

Zambia
Mpika, Zambia / Services

A loan of $1,625 helped to grow his mobile money business to service more customers in his community who need financial services.


Allan's story

Allan is 35 years old and married with one 7-year-old son. His son is attending first grade. He and his family live in the small town of Mpika, Zambia where he operates a Zoona mobile money transfer outlet. Allan is requesting his second Kiva loan. The first loan was used to help increase his working capital in order to service more customers and earn additional profit. With the second loan, Allan plans to continue his business's growth by purchasing a new trading booth and increasing his cash and electronic funds. He explains how having enough funds in the business is important to serve all the customers at his shop who need to send and receive money. Right now, he is unable to serve all his customers as efficiently as he would like because of capital constraints.

Allan explains how the growth from his first Kiva loan has improved his family's quality of life with the extra income he now earns. His son’s school fees are paid on time and he is able to provide better for his family's basic needs. He would like to thank the Kiva lenders for their support.



Loan details

Loan length:

33 months
Repayment schedule: At end of term
Disbursed date: May 1, 2014
Facilitated by Field Partner: Zoona International

Lenders and lending teams




Loan details

Loan length:

33 months
Repayment schedule: At end of term
Disbursed date: May 1, 2014
Facilitated by Field Partner: Zoona International