Check out some available loans that are similar to this one!
Popoteke Group
In this Group: Ellen, Yvone, Ellen, Shamin, Maves, Marves, Patience, Beausily, Nhlanhla, Davidzo
Greetings from Zimbabwe! This is 48-year-old Maves (holding the yellow folder) from Masvingo. She is married with four children aged 16, 19, 23 and 26. All four children attend school. She also cares for two dependents.

Maves runs a retail business selling clothing and footwear. The business has been in operation for 10 years. She says the main challenge faced are debtors failing to pay up on time.

Maves has requested a loan of $300 to increase her stock. She says the extra income generated as a result of this loan will allow her to improve her quality of life. In the future Maves plans to have grown her business to a point that it can stand alone.

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
  • 55
    View loans »
    Zimbabwe Loans Fundraising
  • $3,423,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Popoteke Group's $3,900 loan helped a member to increase stock in her clothing and footwear business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
N/A
Ended:
Oct 15, 2011