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Rufina M
This is 39-year-old Rufina from Chitungwiza, a high-density suburb located about 30 km from the capital city, Harare. She is married and has four children, three attending school. She also cares for two dependents.

Rufina runs a clothing business selling ladies' outfits, menswear and shoes. The business has been in operation for five years. She says the main challenge is competition with established companies.

Rufina has requested a loan of $600 to buy clothes and shoes for resale. She says the extra income generated as a result of this loan will allow her to be in a position to pay school fees and look after the family.

In the future, Rufina plans to open a shop in the central business district.

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.

About Zimbabwe

  • $400
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,294,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Rufina M to buy clothes and shoes for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2011
Listed
Nov 29, 2011
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2012