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Kudakwashe Group
In this Group: Mutsai, Violah, Hilda, Sekai, Lydia, Martha, Tsitsi, Cathrine, Caroline, Rudo
Mutsai is 63 years old. She is a widow and with seven adult children aged 41, 39, 37, 34, 31, 28 and 28. She has five grandchildren whom she also stays with. She receives rent from her other house which she is renting out for additional income.

She operates her poultry business out of her home. She has been in the business for more than 20 years. She has two employees who help her run the business. She wants to buy feed and chicks with the loan. The challenges she faces in the business include high competition and chicks dying prematurely due to inadequate medicines.

She is requesting a loan of US$300 to buy chicken feed and chicks. She hopes to be able to provide for her family's needs with the profits from the business. She has a vision of owning her own poultry shop.

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
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,458,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Kudakwashe Group's $2,700 loan helped a member to buy chicken feed and chicks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2011
Listed
Nov 6, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 30, 2012