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The Bridge Group
In this Group: Pretty, Rosemary, Dorothy, Sibulewe, Patience, Bright, Comfort, Chenesai, Chipo S, Itayi
Pretty is a 37-year-old lady who is married and has four children, age 19, 14, 9 and 4. Three of the children go to school. Her husband is formally employed as a general manager. She has other three dependents who stay with her.

She sells chicken at her homestead. Currently she does not have any employee to assist her in running the business. Pretty has been in business for five years.

The challenge she faces in the business is that some chickens die prematurely because of the outbreak of chicken diseases. She, however, has a vision of supplying chickens to supermarkets around town. In the next five years she would like to open a shop in town.

The loan will improve the life of her family as she will be able to support his brother and her two sisters, whom she stays with.

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 The Bridge Group's $2,900 loan helped a member to buy chicken feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Nov 9, 2011
Currency Exchange Loss:
N/A
Ended:
May 18, 2012