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Jeova  Jaire Group
In this Group: Snodia, Diana, Annalisa, Filda
Snodia is 49 years old and lives in Gweru. She is married and her husband is a farmer. They have three children aged 23, 23 and 19. The last-born is still at school. They also look after seven further dependants.

Snodia raises and sells chickens. She is part of a co-operative with three other members. The main challenges facing her business are the difficulty in raising growth capital and the high mortality rates among chicks during the cold weather.

She will invest the money she borrows in chicks, vaccines and chicken feed. She believes that this will enable the family to have a better life through providing food for the family.

Over the next five years, Snodia hopes to develop a thriving business of her own.

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 Jeova Jaire Group's $1,600 loan helped a member to buy chickens, vaccines and chicken feed.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Aug 30, 2011
Listed
Sep 26, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2012