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Dzingenhamo Group
In this Group: Florence, Ellina , Beatrice , Roseline, Merenia, Violet
Florence D., in the middle of the front row, is the leader of the Dzingenhamo group. Florence is a 48-year-old cross-border trader who imports blankets, clothes and pots for resale. Her husband works as a driver at a local firm. They have 4 children and two other dependants. One child aged 15 is still attending school. Her business operations at times dwindle as a result of her debtors failing to pay on time.

Florence will buy more clothing and blankets for resale with the loan she has requested through MicroKing. She will also purchase airtime cards for resale. She strongly believes that her livelihood will be improved by the loan as she sees herself acquiring better household assets. Florence wishes to own her business premises in the future as she is currently renting. She is very thankful to MicroKing and Kiva for the loan facility that will assist in increasing her productivity.

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
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,246,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Dzingenhamo Group's $2,400 loan helped a member to buy more blankets and clothes for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Apr 4, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 16, 2011