Mobile phone payment service for rural communities

Ketty Shamakamba

Siavonga, Zambia

8% repaid

Entrepreneur

Name

Ketty Shamakamba

Location

Siavonga, Zambia

On-time repayments

56 weekly installments  •  93%

About Me

Hello. My name is Ketty Shamakamba, I live in the Zambian resort town of Siavonga together with my husband and our four children.

I was born in 1989 in Ndola, a mining town in Zambia's Copperbelt Province. I love and adore my family and it is because of them that I established my business.

I hope to succeed in my chosen venture and to create sustainable employment to the youths of our country and I am grateful to the Zidisha community for giving me this opportunity to expand and grow my business.

My Business

I am the Founder and CEO of Cash Mobile Banking Solutions. The company has developed portable Energy Kiosks that provide services, such as solar products, portable battery kits and mobile money services, to people living in off grid areas of the country.

Energy Kiosks, also known as "community charging stations" are a mode of off grid services provision that use solar energy. Unlike microgrids which use a wired connections to serve their customers, Energy Kiosks act as a "walk up" retail model. For a fee, customers can recharge their mobile phones and other portable electronic devices. People can use mobile money services and also buy or rent solar products.

Cash Mobile Banking Solutions has placed several Energy Kiosks in off grid areas that are close to large multinational companies operating in rural areas. Our customers range from employees of the multinational companies, business owners, fishermen and ordinary people. Other than providing mobile money services, we also distribute solar products provided by ANGAZA and d.light.

Cash Mobile Banking Solutions plans to expand the Energy Kiosks to all districts of the country. After all the vast majority of Zambian people live in off grid areas.

Loan Proposal

I plan to use the loan to purchase materials like solar panels and mobile phones for use to construct two mobile money booths.

The mobile money booths will be located in areas where the community is off the national grid.

This is to ensure that rural communities are able to access mobile money services, such as sending and receiving money, as well as saving money for future use.

Income Source

My business makes money on a daily basis and so raising the money needed to repay my loan is not a big challenge.

I will use the profits from my business to repay my weekly installments.

My Videos

Feb 24, 2021: To expand my mobile money network

Feedback

4

None

None

  • [email protected]    Apr 20, 2021

    In the name of Jesus Christ, God Bless.

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  • Liz    Feb 25, 2021

    Great project with timely repayments

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  • Ray    Feb 23, 2021

    Excellent repayment - well done

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  • David    May 27, 2020

    Loan was scheduled to be paid off in one week and the payment arrived right on time. I am happy to help you build your credit as you work on your important business.

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Lenders

Jesus Figueres

Valencia, Spain

Laurie

United States

Scott Walker

Ames, United States

Tiff Reagan

Salem, Oregon, United States

Babbitt Family Foundation

Sioux Falls, SD, United States

Olly Ishmael

Aberystwyth, United Kingdom

Utahna

United States

Remo

Switzerland

Tom Purser

Cambridge, United Kingdom

Treesforpeople

Oxfordshire, United Kingdom

Eike Christian Lorenzen

Flensburg, Germany

Peter Collins

Darmstadt, Germany

Bill Ballew

Kansas City, Missouri, United States

Richard Paulin

Melbourne, Australia

Craig Travis Provyn

Bradenton, Florida, United States

Chris

Zurich, Switzerland

Jane

Ontario, Canada

Paul Buchheit

Mountain View, United States

Melissa K

Portland, Oregon, United States

Vratik Krocik

Prague, Czech Republic

The Zinc Team

San Francisco, United States

Framework Eyewear

Utrecht, Netherlands

Callum Guy

Suffolk, United Kingdom

ads68

Melbourne, Australia

ErikN

Stockholm, Sweden

chriseyre

Fremont, Ca, United States

Mouhamed

United States

moursund

Beaver Nation, United States

Matt B

Stratford Upon Avon, United Kingdom

Cassian Opara

London / Dubai, United Arab Emirates

Dave Bogard

New York, United States

johnhudson

Washington, DC, United States

Jeroen Decock

Gent, Belgium

PolarBearCapital

United States

Loungin

United States

Vesa

Helsinki, Finland

iggwag

Kilifi, Kenya

ibc123

Seattle, United States

numbat

Perth, Australia

SmeeAgain

Dublin, Ireland

pentatonicscale

Niiza-shi, Japan

Sundstroms

Falun, Sweden

BrianHibbs

South Bend, United States

KyRoamer

Louisville, Kentucky, United States

AltruisticSelfishnes

Chicago, United States

LH

Lisa Heinze

Milwaukee, Wisconsin, United States

JN

Jonathan Ng

United States

KL

Kerry Lane

United States

I

isaac

United Kingdom

DW

David Westmoreland

Colorado Springs, Colorado, United States

G

glomardor

Leonardtown, United States

M

Morgue

Brighton, United Kingdom

DD

Dixie Davis

Kyle, United States

CC

Carl Corvin

United States

HI

Highly Improbable

Saskatoon, Canada

MM

McLane Muller

United States

R

Rahima

United States

R

ross22

United States

FN

frank nunn

United Kingdom

R

Roman

Germany

M

Morgan1301

United States

I

Ian

United Kingdom

M

Melissa

United States

D

Divergent

Bethesda, United States

YM

Yelka Mikolji

United States

C

Christopher

United Kingdom

J

Johnrock702

Saint Augustine, United States

JA

Jan Andresen

Hamburg, Germany

N

Nick

United States

S

Sam

New Zealand

EG

Erik G

Switzerland

ME

Manaal Eisa

Washington DC, United States

BS

Brooke Schreier Ganz

Mill Valley, California, United States

IM

Isak Maaseide

Tromso, Norway, Norway

B

Barbra

United States

JD

Jill Dempsey

United States

RE

Richard Ellis

United Kingdom

CN

Craig Newmark

United States

MO

Markus Oma

United States

KM

Kirk Moore

Cerdanyola del Vallès, Spain

L

Liam

New Zealand

J

jackieric

Folsom, CA, United States

M

MaggieK

United States

G

gregc

Calgary, Canada

E

erozlum

Istanbul, Turkey

G

GanSatya

United States

JD

JASON DORSETT

United States

KM

Kirsty M

United Kingdom

AM

Alex Melo

United States

RC

Rudi Chen

United States

S

Sven

Netherlands

P

prehders

Hamburg, Germany

AH

ajay hampapur

United States

RG

Ravi Gadad

United States

WV

Wouter van Buizen

Amsterdam, Netherlands

SK

Steven Kardos

United States

SH

Stephanie He

United States

S

Stephan

Netherlands

H

Harry

Florida, United States

Show all

Loan Info

Disbursed amount

$3,631.21

Date disbursed

Mar 8, 2021

Repayment status

On Time

Projected term

7 months

Cost to entrepreneur

Service fee: 5% of $3,631.21 = $140.61

Credit risk payment: $140.61

Optional expediting fee: $281.26

Ask Ketty a question about this loan project, share news and photos of your own, or send a simple note of thanks or inspiration.

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  • Ketty Shamakamba    Jul 10, 2021

    Dear lenders,

    I have adjusted my loan. Thank you.

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  • Ketty Shamakamba    Jun 22, 2021

    Thank you dear lenders,

    I received my Pay It Forward funding!

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  • Ketty Shamakamba    Jun 21, 2021

    Hi Craig,

    Thank you for funding my Pay It Forward project! God bless you!

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  • Ketty Shamakamba    Jun 20, 2021

    Dear lenders,

    Thank you for the opportunity that you have given to me. I used the money to buy mobile units for my mobile money booths. Business is booming as more people communicate with their loved ones during these difficult times.

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  • Ketty Shamakamba    Jun 15, 2021

    Dear lenders,

    Thank you so much! I received my first Pay It Forward amount! It's so exciting!

    My prayers and love go to Julia and the entire Zidisha community. Thank you.

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  • Ketty Shamakamba    Jun 10, 2021

    Dear wisdom2080,

    Wow! Thank you for funding my first Pay It Forward project!

    With your support the program is surely destined to succeed!

    Thank you also to Julia for the faith and love

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  • wisdom2080    Jun 9, 2021

    Hope you share the love and the blessings-

    Genesis 26:12: Isaac planted crops in that land and the same year reaped a hundredfold, because the LORD blessed him.

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  • Ketty Shamakamba    May 24, 2021

    Dear lenders,

    I have adjusted my loan. I plan to repay the loan in full soon.

    Log in to reply • Share
  • Ketty Shamakamba    Apr 22, 2021

    Dear lenders,

    I have adjusted my loan. Thank you for the opportunity! I will repay my loan in full soon!

    Log in to reply • Share
  • Ketty Shamakamba    Mar 9, 2021

    Dear lenders,

    I have adjusted my loan. The reason I have done this is so that I can focus on growing my business and repaying the loan in full. Thank you.

    Log in to reply • Share
  • Ketty Shamakamba    Mar 8, 2021

    Dear lenders,

    Thank you so much for your continued support! I am truly humbled and grateful for lending me the money. Stay safe and healthy!

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  • Ketty Shamakamba    Mar 1, 2021

    Dear lenders,

    Wow!!! I am so grateful to all the folks who participated in my new loan request!

    Thank so much for your generous support! May the good Lord bless you and keep you all in good health. Thank you so much.

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  • Ketty Shamakamba    Feb 28, 2021

    To the amazing and wonderful Laurie! I always appreciate your support and feedback :)

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  • Ketty Shamakamba    Feb 28, 2021

    Dear lenders,

    Thank you for lending me the money! I will work hard to repay my loan on time. Thank you!

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  • [email protected]    Feb 26, 2021

    When my social and financial situation change, I hope to be more useful and vice versa.

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    • Ketty Shamakamba    Feb 26, 2021

      Hi Enilo,

      Thank you for your kind support!

      No worries, with Zidisha both our financial and social situation will definitely change for the better!

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      • Laurie    Feb 28, 2021

        Zidisha lenders don't make money here, Ketty. Only the platform--(which has been a for-profit organization for about the past two years: www.zidisha.org/forum-threa... )--makes any money, and it's my understanding that most of its profits get reinvested back into the business. We lenders lose money here, because of defaults (it's my understanding that even as high as the fees have climbed here over the years, still not enough is collected by the platform for it to be able to compensate all lenders for all defaults all of the time); and sometimes lenders here also lose money because of international monetary exchange rates when those aren't in our favor. Most lenders here use money repaid to us by borrowers we lent to in the past to help fund future loans. Each Zidisha lender lends here only out of the goodness of his or her heart, not to make money because there is no money to be made for us lenders here (as mentioned, only the Zidisha platform itself makes money and it's my understanding that the Director reinvests most of the money she makes back into her Zidisha business).

        Your prayers for lenders, therefore, are greatly appreciated, as your prayers can help not only yourselves but also us. :)

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  • Ketty Shamakamba    Feb 24, 2021

    Dear lenders,

    Thank you so much for supporting me throughout my journey with Zidisha.

    My business has grown so much because of your support. So many of you have contributed to my success and from the bottom of my heart, I would like to say thank you, thank you so much!

    The journey continues and I completed repaying my loan in time and now I am raising a new loan to expand my network of mobile money booths. Please continue to support me in my business. Thank you.

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  • Ketty Shamakamba    Feb 23, 2021

    Dear lenders,

    I have successfully completed repaying my loan. Thank you for your kind support. Thank you.

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  • Hellen Kateule    Feb 18, 2021

    Hello Kelly ,I would like to have a discussion with you regarding Garuntor program.

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  • Ketty Shamakamba    Jan 27, 2021

    Dear Lenders,

    I have adjusted my loan so that I can make a repayment plan to repay my loan in full. Thank you.

    Log in to reply • Share
  • Ketty Shamakamba    Dec 5, 2020

    Dear lenders,

    Thank you for your support! I have adjusted my loan and I will repay the full amount soon. Thank you.

    Log in to reply • Share


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Payments Forward

Amount returned to the platform for this project

Pay It Forward Projects funded by Ketty

$0 (0 Projects)

Projects funded by Ketty's Pay It Forward recipients

$0 (0 Projects)