Check out other loans that are currently fundraising!
Love One Another Group
In this Group: Chipo, Doricah, Fananidzo, Winnie, Josephine, Sithabile
Chipo is 37 years old and lives in Gweru. As a family they have two children aged 22 and 17. One child is still at school. They have no other dependants.

Chipo is into the business of chicken rearing, and she also buys and sells Matemba (small dried fish) and clothing. She has been doing this business for the past four years now with the assistance of one employee.

She has requested $400 to buy 200 day-old chicks, 30 bags of chicken feeds, and chemicals. The challenge that Chipo faces is that of poultry death and chicken feed shortages.

She sees herself starting a piggery project in the coming five years as her chicken business grows and expands. She will use the profits to pay school fees for her children.

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 Love One Another Group's $2,400 loan helped a member to buy chicks, chicken feed, and chicken vaccines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Dec 5, 2011
Currency Exchange Loss:
N/A
Ended:
May 18, 2012