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Vabati Vebasa Group
In this Group: Joyce, Emma, Vimbai, Prisca, Felistas, Ennie, Margareth, Violet
Joyce is 43 years old and lives in Gweru. She has three children who are ages 12, 19 and 21. Two of her children are attending school and she looks after 5 dependents.

Joyce sells peanut butter, pots and plates. She has been in this business for 2 years. Her challenges include late payments by clients and shortage of funds. The loan of $400 that she is applying for will be used to purchase a peanut butter making machine and ground nuts. With additional income obtained from this business, Joyce will have more disposable income that will enable her to adequately provide for her extended family.

Joyce plans to own a kitchenware shop and produce more peanut butter for sale in the near future.

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 Vabati Vebasa Group's $3,200 loan helped a member to buy a peanut butter making machine and ground nuts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 24, 2011
Sep 25, 2011
Currency Exchange Loss:
Mar 18, 2012