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Fabulous, Virtuous Women (B) Group
In this Group: Lonchin, Patricia, Sarah, Tafadzwa, Farasia
Lonchin lives in Harare with her husband and two children. She makes peanut butter, which she sells locally. She has been doing this for the last four years. They also have income from her husband's job as driver for a community bus.

The business faces competition but is faring well. Lonchin will use the money she has borrowed to buy raw materials and packaging. She hopes to be able to borrow more money in the future to buy more equipment. Over time, Lonchin wants to expand the business to help support the family.

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
  • 4
    View loans »
    Zimbabwe Loans Fundraising
  • $3,748,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Fabulous, Virtuous Women (B) Group's $2,000 loan helped a member to pay for raw materials and packaging.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 12, 2011
Oct 27, 2011
Currency Exchange Loss:
May 31, 2012