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Jonas is 30 years old. He is the third-born in a family of six. He is married and has two children, ages 9 and 2. His 9-year-old son is in third grade. Jonas lives in Chililabombwe, where he operates a Zoona mobile money transfer business.

Jonas describes himself as a hard worker who has passed through a lot of ups and downs in his life. He says this makes him very strong and focused in whatever he does. He enjoys running his business because it is a way for him to provide for his family. He says he also gets to meet a lot of people in his community as he spends most of his time at his green booth, where he serves customers who need to access financial services.

Jonas will use his loan to purchase three trading booths so that he can grow his business and service more customers in need of mobile money services. He is hopeful that once he gets his Kiva loan he will be able to grow his business and earn more profits. He plans to reinvest the profits back into the business and provide a better life for his family.

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
  • 6.5
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,325 helped Jonas to purchase three trading booths so that he can grow his business and service more customers in need of mobile money services.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
At end of term
Jun 8, 2014
May 10, 2014
Currency Exchange Loss:
May 22, 2015