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Kumboyedza 1 Green Group
In this Group: Silindeni, Ebina, Phylis, Anna, Charity, Lucy, Innocent, Matthew, Lizwe, Molly
Greetings from Zimbabwe! Here we see 43-year-old Silindeni, who lives in the town of Gweru. She is married, has five children and also cares for three other dependents. She earns a living by running a farm and poultry business, and her main crops are green maize, onions, cabbage, sugar beans and butter nuts. She has been in this line of work for 24 years and says that her main challenges are debtors not paying on time and a shortage of working capital. Silindeni is applying for a loan for $400 to buy seeds and fertilizer. She says the extra income generated by this loan will allow her to have more disposable income and hence care for her family and improve her standard of living. In the future, she hopes to enlarge her farm and be more self sustaining.

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 Kumboyedza 1 Green Group's $4,000 loan helped a member to buy seeds and fertilizer for a farm.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2011
Listed
Sep 15, 2011
Currency Exchange Loss:
N/A
Ended:
Mar 18, 2012