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Takwirira Group
In this Group: Thomas, Jemina, Taurai, Philimon, Admire, Rumbidzai, Ennie, Estere, Deliah
Thomas, 32, is married with two children, aged four and nine. One child is currently in school. His wife helps in the business.

Thomas has a poultry business which he operates from home. He also orders chicken cuts for resale from Harare. He has been in this business for four years. He has no employees. The challenge he faces in this business is that sometimes the stock feeds are not available locally and he has to go to Harare or Messina to get them.

Thomas is applying for a loan of US $300 to buy chicks and stock feeds. His vision is to have several branches of poultry shops to sell from. He will have enough income to provide for his family and their needs from the profits he gets from this loan.

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 Takwirira Group's $2,200 loan helped a member to buy stock feeds and chicks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 1, 2011
Listed
Nov 13, 2011
Currency Exchange Loss:
N/A
Ended:
Jun 30, 2012