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Green Machine Group
In this Group: Rosemary, Emerinah, Eneles, Vimbayi, Sibongile, Dorothy, Evelyne
Rosemary is 49 years old and comes from Gweru, the capital of Midlands province in Zimbabwe. She is widowed and has three children, aged 23, 25 and 28. She also cares for two dependents.

Rosemary runs a retail cross-border business selling clothes, blankets, duvets and stoves. Her business has been in operation for 3 years. She says the main challenges she faces are import duties and high transport costs.

Rosemary has requested a loan of $400 to buy DVDs, blankets and stoves. She says the extra income generated as a result of this loan will allow her to send her family members and neighborhood orphans to school. In the future, Rosemary plans to open several shops in Gweru town centre.

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
  • $3,246,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Green Machine Group's $2,800 loan helped a member to buy clothes, blankets, duvets and stoves to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 25, 2011
Aug 17, 2011
Currency Exchange Loss:
Feb 15, 2012