A loan of $750 helps a member to restock hardware products.

Cherry Group's story

The essential skills to run a business are the same, despite whether you are a woman or a man. Alice runs a hardware shop that is surrounded by male competitors. She has been in this business for the past three years. She supplies electrical accessories, building equipment and a lot of other hardware products. She travels to town for restocking two or three times in a week.

Currently she has no employees, so her husband helps her when she is out for restocking. Business has been moving well in the past, and Alice has also managed to balance her work with her family business at the same time.

Alice (far left in the photo) is a 35-year-old woman who resides in Kuwadzana Phase 3. She has five children; four of them are going to school. Through her business, Alice now plays a major role in taking care of her family, together with her husband, who is self-employed.

Alice and her two colleagues (Dumisani and Tatenda) are members of the Cherry Group. They came to Thrive Microfinance in June this year. They received financial literacy and marketing training. Alice testified that the training has helped her improve in business management skills. She used her loan portion to restock a variety of hardware products, since she desires to grow her business.

In this group: Dumisani, Tatenda, Alice

This loan is special because:

It helps women access affordable funding with targeted business training.

Rachel Lewis, Kiva staff

Rachel Lewis
Kiva staff

Loan details

Lenders and lending teams

Repayment schedule

Loan details

Repayment schedule