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Sunrise Business Membership Group
In this Group: Shadreck, Setfree, Shadreck, Tineyi, Mafios, Edinah
Shadreck N. is the leader of Sunrise Business Membership Group. He is 43 years old and married with a three-year-old child. He also takes care of four other dependants. He is an agro-dealer who sells agricultural products; he also operates a grocery store in Masvingo. He has been running this business for five years with two employees. Transport challenges and unstable prices are the major difficulties in his business.

Shadreck intends to increase his grocery store stock with the loan requested through MicroKing. He believes that the loan will be a major working capital injection in the business that should lead to increased profitability and ultimately help improve the family’s welfare. He has been borrowing from MicroKing for some time and believes that the conditions to access a loan are not tight as compared to other banks.

Note: In the picture, the gentleman in the front row is Shadreck N..

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
  • 40
    View loans »
    Zimbabwe Loans Fundraising
  • $3,547,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sunrise Business Membership Group's $2,400 loan helped a member to increase his grocery store stock levels.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 14, 2011
Apr 29, 2011
Currency Exchange Loss:
Sep 15, 2011