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Doer Group
In this Group: Ronicah, Rangarirai, Sibongile, Nyengeterai, Chipo
Ronika M. is a widow aged 56. She has 6 children. Two of her children aged 16 and 20 are still attending school. She also has two other dependents that she takes care of. She is the one in front on the group picture.

Ronika sells traditional foods like madora (Mopane worms), matemba (small dried fish), peanut butter, small grains, and vegetables. She has been operating her small business for the past 28 years. She buys her stocks from Binga and Gwanda. Fluctuations in transport costs negatively affect her business.

Ronika has requested this loan from MicroKing for the purpose of increasing her stocks. She believes that with access to microcredit, her income will increase resulting in improved diet and general welfare. She is also planning on expanding her operations by opening a peanut butter manufacturing company.

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

  • $2,000
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,458,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Doer Group's $2,000 loan helped a member to buy traditional foods and vegetables for sale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2011
Listed
Apr 4, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2011