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Fortunes Group
In this Group: Fortune, Revai, Thandiwe, Stella
Thandiwe is a 35-year-old widow who lives in Shurugwi with her two children and one dependant who is attending a university. She has a hairdressing salon and a flee market stall which she has operated since 2006. She has 3 employees paid on a commission basis.

Her business is seasonal. It does well during the November-December holidays but experiences lower sales thereafter.
She is requesting a loan of $400 to buy Dark and Lovely (a brand name) hair-straightening kits for her salon and clothes to increase her flee market stock. If the business does well, she intends to finish building her house in Shurugwi and also send her children to better schools.

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
  • 5
    View loans »
    Zimbabwe Loans Fundraising
  • $3,745,900
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Fortunes Group's $1,600 loan helped a member to buy hair-straightening kits for her salon and clothes for sale at the flee market.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Sep 30, 2011
Oct 22, 2011
Currency Exchange Loss:
May 31, 2012