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Ruth Ladies Group
In this Group: Judith, Dudzai, Patience, Nancylee
Judith is 30 years old. She is married and has three children, age 8, 5 and 2, with one going to school. Her husband works at Masvingo Remand Prison as a lab technician. They stay at a company house where the spouse works.

She works at a salon that is located in Masvingo. She rents a chair from the owner of the salon. She does not have any employees and has been in operation for 10 years. The business faces a challenge of high competition in the market as well as the failure of some of her customers to pay for the products that they have taken on credit.

She wants to purchase weaves, hair chemicals and jewelry with the loan.

She has a vision of opening her own hair salon in the next five years. With the profits she would be able to save for her children's future so that they may be able to have a quality education.

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
  • 6
    View loans »
    Zimbabwe Loans Fundraising
  • $3,738,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Ruth Ladies Group's $1,600 loan helped a member to buy weaves, hair chemicals and jewelry.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 14, 2011
Nov 9, 2011
Currency Exchange Loss:
May 21, 2012