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Coming Up Group
In this Group: Tinashe, Greater, Guilter, Sipiwe
Greater operates from a flea-market in Zvishavane. She has been in business for seven years. She has one employee and her daily sales range between $50 and $70.

She is 34, married and has 3 children a 14-year-old, a 3-year-old and a 3-month-old toddler. She lives in her own home in Zvishavane. Greater was granted a loan of $400 which she used to buy clothes, shoes and blankets to resell at the flea market. The challenge she has is that of seasonal fluctuations of sales, high competition and high transport costs. However, she sees herself operating a retail shop in the next five years.

This will enable her to purchase goods for her home and improve standards of living for her and the family at large.

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
  • 48
    View loans »
    Zimbabwe Loans Fundraising
  • $3,569,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Coming Up Group's $1,600 loan helped a member to buy clothes, shoes and blankets to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2011
Listed
Nov 29, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 29, 2012