Check out some available loans that are similar to this one!
Charles, 55, is a farmer in Chibombo, Zambia where he lives with his wife and 6 children. He is asking for a loan so that he can obtain a water pump that will help him irrigate and expand his garden.

Vegetable gardening is big business for many rural farmers in Chibombo district. Charles grows vegetables on his small farm to sell at one of the roadside markets. Last season he grew tomatoes, watermelons and fresh maize. With the profits he was able to pay the school fees for his children and invest in livestock.

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 Charles need for labor and allow him to further expand his gardens.

Rent to Own has worked with Charles on a business plan for this gardening season and will deliver a water pump directly to his farm. Rent to Own also provides Charles with training on how to properly use and maintain the water pump, and will check in to provide support until he has paid off the 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
  • 5
    View loans »
    Zambia Loans Fundraising
  • $1,273,325
    Funds lent in using Kiva
  • 6.2
    Zambia Kwacha (ZMW) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Charles to obtain a water pump for irrigation.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jul 11, 2014
Jul 31, 2014
Currency Exchange Loss:
Jul 18, 2015