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Odzi Group
In this Group: Gloria, Nice, Josephine, Susan, Juliana, Isabella, Winnel
Gloria is 56 years old and has been running her own businesses for many years. Currently, she makes money from two activities: buying and selling clothes in the local market and raising chickens.

Both businesses are going well but the clothing business is in decline because import restrictions and duties are making the import of clothes less profitable.

Gloria has borrowed $400 and will use the money to buy day old chicks and fund her cross-border transactions. She hopes that the profit will enable her to fund her son's college education. She dreams that one day she will have her own boutique.

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
  • 42
    View loans »
    Zimbabwe Loans Fundraising
  • $3,547,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Odzi Group's $2,800 loan helped a member to purchase clothes and day old chicks to raise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 30, 2011
Listed
Oct 27, 2011
Currency Exchange Loss:
N/A
Ended:
May 26, 2012