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Idirisa
Idirisa is a middle-aged man who is married with three children aged ten, six and two years-old. Two of them are attending school. He lives in Shurugwi, Gweru town where he works as a Policeman. Idirisa is also doing a poultry business and has been doing this for the past six years now. He has borrowed once before from Kiva partner Microking and has now asked for a repeat loan in order to buy 300 chicks and 10 bags of chicken feed. He is requesting a loan of $1,200.00

The main challenge he faces is that chicks are easily affected by diseases such as newcastle which usually leads to death. He sees himself having a plot and having a bigger project with 1,000 chicks supplied to a larger market. The loan would certainly improve Idirisa’s life style . He intends to buy a residential stand in Shurugwi, Gweru with the income generated from the business.

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

  • $2,000
    Average annual income
  • 39
    View loans »
    Zimbabwe Loans Fundraising
  • $3,547,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Idirisa to buy 300 chicks and 10 bags of chicken feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2011
Listed
Dec 17, 2011
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2012