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Deborah Group
In this Group: Colleen, Elizabeth, Monica, Monica, Sichelesile
Sichelesile N., 28, has applied for a loan from Kiva partner MicroKing Finance to restock stationery. She will utilize the loan money to buy binding and laminating material, as well as books and ball point pens for resale. She also offers typing and photocopying services and has eight years of business experience. She employs five people.

Sichelesile comes from the city of Gweru, which is normally referred to as the city of progress. She takes good care of her four children aged 10, eight, six and two, of whom three are attending school. Her husband works for scripture union and together they take care of two other dependents.

Sichelesile is hopeful that a capital injection will prove beneficial for the future growth of her business. She desires to open and operate a big bookshop and Internet cafe. She is also very grateful for the financial support to women and the empowerment of women.

Note: In the photo, the lady seated is Sichelesile.

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
  • $3,297,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Deborah Group's $2,000 loan helped a member to buy binding & laminating material and books for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
Apr 25, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2011