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Tawadzana Group
In this Group: Ellen, Esnath, Gladys
Ellen M. is the leader of Tawadzana Group. She is 63 years old and married with 6 children, all of whom are now married. She takes care of a grandchild, age 15, and her late sister's child, also age 15. She has been running a tailoring business since 1997 and makes chair backs and seat covers. These products are sold to the local market in Zimbabwe and also to ladies who resell mainly in South Africa. In addition, she owns a grinding mill in Banket (Zimbabwe) where she grinds maize for mealie meal used to cook the country’s staple food. Her other income comes from a room she is letting at her house. The challenges to her business are low capital base and business fluctuations with very low sales in some months.

Ellen requested this loan through MicroKing for the purpose of purchasing materials to make seat covers and chair backs. She says the extra income would significantly help her reduce the burden on her children as she normally asks for capital injection from them. In future she would like to generate more income in order to buy a cash-generating asset as the current job is now heavy for her.

Additional Information

About MicroKing Finance

MicroKing's loans are guaranteed against institutional default (failure of MicroKing to repay Kiva lenders if the borrower repays MicroKing) by MicroKing's parent company: Kingdom Financial Holdings Limited.

More About MicroKing
This loan is administered by MicroKing Finance, Kiva’s first partner in Zimbabwe.

MicroKing’s mandate is to provide financial services integrated with advisory services and targeted training to the under-banked but rapidly growing Zimbabwean micro-enterprise sector. The intent is to mobilize the underprivileged as active agents in fighting poverty as well as to accelerate the country’s journey back to economic prosperity where Zimbabwe was once known as the “bread basket of Africa.”

Zimbabwean micro-enterprises are generally run by women and comprise a multitude of business types. Constraints on local production and manufacturing capacity have led to cross-border trading being the most common type of business.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Zimbabwe

  • $400
    Average annual income
  • 55
    View loans »
    Zimbabwe Loans Fundraising
  • $3,423,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tawadzana Group's $1,200 loan helped a member to purchase sewing material for seat covers and chair backs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2011
Listed
Mar 30, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2011