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Tichakunda Group
In this Group: Annie, Beauty, Dzidzai, Getrude, Jane, Marymore, Zelia
Annie M. is the leader of the Tichakunda group. She is a 35 year old single mother of 4 children aged 19, 14, 10 and 5. Three of the children attend school. She has a business of selling Kapenta dried fish (matemba) and beans in Gweru-Zimbabwe. She has been running this business for two and a half years. She does not have any other sources of income. Her business has small profit margins that force her to push on volumes.

Annie requested this loan through MicroKing for the purposes of purchasing dried fish and beans. She says that the extra income from this loan will help her improve her household lifestyle and increase her disposable income. She envisions herself operating a shop with 4 employees.

Note: Annie is the one in the middle - front row on the group picture

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 Tichakunda Group's $2,800 loan helped a member to purchase Kapenta dried fish (matemba) and beans for sale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 20, 2011
Listed
May 5, 2011
Currency Exchange Loss:
N/A
Ended:
Sep 15, 2011