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Tafara Agrodealers Association Group
In this Group: Wifred, Juliet, Wilson, Vhika
Wilfred is a 46-year-old married man living in the town of Masvingo. He has three children ranging in age from 10 to 22 years old, two of them are currently attending school. He also cares for three dependents.

Wilfred has been running a general store that sells a wide variety of products as well as operating a restaurant. Both businesses have been in operation for seven years. He main challenges he faces are competition and low capital. These businesses are his only sources of income.

Wilfred has requested a loan of $400 to boost the working capital for his restaurant. He says the extra income generated as a result of this loan will help him educate his children and acquire properties for business purposes.

Wilfred sees more growth and business expansion within the next 5 years and hopes to acquire state of the art equipment to improve efficiency.

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
  • 6
    View loans »
    Zimbabwe Loans Fundraising
  • $3,738,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tafara Agrodealers Association Group's $1,600 loan helped a member boost working capital for his restaurant.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
May 16, 2011
May 30, 2011
Currency Exchange Loss:
Sep 15, 2011