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Extreme Group
In this Group: Thadiwe, Alex, Eunice, Gladys, Sarah, Rachel, Longina, Ngonidzashe, Penlope, Concilia
Thadiwe is a 26 year old lady who is married and has 2 children aged 5 years and 6 months. Her husband is a footballer and he plays for Masvingo United FC. They do not have other dependants.

She sells clothes and is also a hair dresser. She operates from home and she has been in the business for 2 years. She does not have any employees. As a group they meet once a week to discuss issues affecting the members and the way forward. She however faces a challenge of high competition in the market and import duty that is charged on the goods that she buys. In the next 5 years she would like to open her own hair salon and boutique to operate from. With the profits she would be able to provide for a better future 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
  • $3,271,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Extreme Group's $2,700 loan helped a member to buy hair weaves, clothes and shoes.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 15, 2011
Currency Exchange Loss:
N/A
Ended:
May 31, 2012