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Success Group
In this Group: Saikos, Sunungurai, Vidgenia, Million, Tinotenda, Tapiwa, Andrew, Sarah, Samiso, Muneni
Saikos is a 33-year-old man and is married with 2 children, aged 6 and 1 year. Only one child goes to school. His wife is also a student, enrolled at Great Zimbabwe University.

He sells clothes, shoes and other things from a stand at the Garikai Flea Market in the town center. He has been in the business for 2 years. He buys his products from Harare as well as locally. He has no employees. There is high competition in the market, being the challenge he faces in the business.

In the next 5 years he would like to open a grocery shop as well as a boutique. The loan will improve his family's life, as he will be able to pay for his wife to complete her education as well as save for their children's future.

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
  • 7
    View loans »
    Zimbabwe Loans Fundraising
  • $3,595,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Success Group's $2,750 loan helped a member to buy clothes, shoes and sugar beans.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 1, 2011
Nov 23, 2011
Currency Exchange Loss:
Jun 16, 2012