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Victor is a farmer in Chibombo District, Zambia. He is asking for a loan so that he can obtain a water pump to help irrigate and expand his vegetable crops.

Vegetable gardening is big business for many farmers in Chibombo District. Last season Victor grew cabbage and fresh maize that he sold at a large market in Zambia’s capital city, Lusaka. This season he is planning on also growing green peppers and a local eggplant called “impwa”.

Because it is the dry season in Zambia, water needs to be applied to the crops regularly, often brought to the garden by buckets from a nearby well or stream. A water pump would significantly reduce Victor’s need for labour and allow him to further expand his gardens.

Rent to Own has worked with Victor to create a business plan for this gardening season and will deliver the water pump directly to his farm. Rent to Own also provides technical training on how to properly use and maintain the water pump, and will check in to provide support until he has paid off his loan.

Additional Information

More information about this loan

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit. 

About Rent-to-Own

Rent-to-Ownis a social enterprise that supports entrepreneurs in rural Zambia by providing financing and access to productive assets at low prices. The company uses a product catalogue for clients to purchase equipment needed to grow their businesses, and a network of local agents who leverage their social networks to decide if clients are credit-worthy.

Once clients are approved, Rent-to-Own provides a holistic set of services including delivery, installation, training, and repair services for their equipment to give clients the highest possible chance of succeeding. All equipment has a 30% mark-up over Rent-to-Own's purchase price. This mark-up covers all the logistical transportation costs that Rent-to-Own incurs in order to deliver the asset to the borrower, to provide training, ongoing support and to cover transaction costs. Kiva lenders’ funds are used to test new forms of asset financing to help more clients in new and innovative ways.

Rent-to-Own joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

About Zambia

  • $4,100
    Average annual income
  • 3
    View loans »
    Zambia Loans Fundraising
  • $1,283,000
    Funds lent in using Kiva
  • 6.1
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Victor to obtain a water pump for irrigation.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jun 20, 2014
Jul 28, 2014
Currency Exchange Loss:
Jan 17, 2016