Check out other loans that are currently fundraising!
Chisungo Group
In this Group: Shelter, Sarah, Tendai, Brenda, Caroline, Mollen, Tendai, Loveness, Jestina, Felistus
Shelter is a 34-year-old lady. She is married and has three children aged 12, 9 and 4 and two of them are going to school. She has a business that provides typing and printing services and she has been doing this for 5 years. Her husband is formally employed as an accountant and they have his salary as additional income. Shelter's business sometimes faces a challenge with too few customers.

Shelter will use the money she borrows to buy more computers and scanners. She wishes to open more offices in town over the next 5 years. She will also use the profits to pay for college fees to complete her education.

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
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,297,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Chisungo Group's $2,900 loan helped a member to buy computers and scanners.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2011
Listed
Oct 25, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2012