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Blondy Group
In this Group: Emely, Samson, Patricia
Emely is a 30 year-old married woman. She lives in Gokwe, Nembudziya, with her husband and her two children, ages 10 and 7. Both attend school. She receives other income from her husband, who works for Gokwe Rural District council as the C.E.O.

Emely sells clothing and footwear at the local shopping center. She has done this for 6 years and has three employees. She has been granted a loan by Microking Finance, which she used to purchase stock for her stall in the flea market. The business is affected by lack of finances, making it difficult for her to buy a variety of products at the right time for her clients.

She, however, sees herself operating a retail shop and a boutique in the next five years, if all goes well. This will also allow her to purchase more goods for reselling, and will, thereby, increase her disposable income.

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

  • $400
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,297,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Blondy Group's $1,200 loan helped a member to buy ladies' handbags, clothes, and ladies' and men's footwear.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2011
Listed
Nov 10, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013