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Masiga Group
In this Group: Mavis, Fungai, Engelina, Raviro
Mavis is a 51-year-old widowed mother of three chidren aged 32, 23, and 21, one of whom is still attending school. She has two additional dependents, her grandchildren. In business for five years, Mavis operates from home, buying her products in the town of Chiredzi. She also earns additional income from renting out rooms.



Mavis' main business challenge is chicks that die prematurely due to heat. She is requesting this loan to buy more chicks, stock feeds, and medicines. These purchases should enable her to increase her profits and take better care of her family and orphaned grandchildren. Within the next five years, Mavis hopes to be able to rear chickens on a large scale and supply shops and schools in town.

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
  • $3,282,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Masiga Group's $1,600 loan helped a member to buy chicks, stock feeds, and medicine.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2011
Listed
Dec 6, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 29, 2012