Check out other loans that are currently fundraising!
New Creation Group
In this Group: Trinity, Esther, Annah Lydia
Trinity is a young lady aged 20. She is single and she looks after her aging parents. She lives in Gweru and she has been operating a flea market business for three years. She is mainly specialising in selling generators, blankets and shoes. she also has income from a part-time job with the Forestry Commission.

She is applying for a loan of $400 which she wants to use to add a variety of goods such as electrical goods: televisions and DVDs and other household goods in order to increase her revenue base.

With additional income generated, she intends to buy a stand and build a house on it so that her parents will be able to stay with her. Her future plan is to have a shop in Gweru.

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
  • 9
    View loans »
    Zimbabwe Loans Fundraising
  • $3,271,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of New Creation Group's $1,200 loan helped a member to buy shoes, televisions and DVDs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2011
Listed
Oct 31, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2012