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Showers Of Blessings Group
In this Group: Patience, Dzidzai N, Magie, Janet, Teclar
Janet is 40 years old and lives in Masvingo. She is widowed and has three children aged 16, 21 and 23, all of whom attend school. She has been a cross-border trader for the past 5 years. She goes to South Africa to buy electrical gadgets and clothes for sale. The challenge she faces is high competition. She makes additional income from house rentals.

Janet has requested a loan of US $4OO to buy more stock for her business. With the additional income generated by the loan, she will pay the school fees for her three children. It is Janet's aspiration to be a wholesaler with a network of branches countrywide.

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
  • 47
    View loans »
    Zimbabwe Loans Fundraising
  • $3,569,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Showers Of Blessings Group's $2,000 loan helped a member to buy electrical gadgets and clothes for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 6, 2011
Oct 28, 2011
Currency Exchange Loss:
May 26, 2012