Check out some available loans that are similar to this one!
Golden Group
In this Group: Memory, Tavengwa, Law, Sallous, Veronica, Conzarata, Lovemore, Evelyn, Tapiwanashe, Prosper
Memory is a 35-year-old lady who is married and has three children, ages 4 months, 5 years, and 15 years. Only one goes to school. She also has two other dependents who are her sister's children and who live with her. Her husband helps out in her business.

Memory has two grinding mills in Masvingo Town, as well as a business of buying and selling clothes. She buys her products from South Africa. Memory has been in business for two years and has three employees who work for her. The main challenge she faces in her business is fluctuation in exchange rates, which affects pricing of her products. She has a vision of expanding her business to have more grinding mills around Masvingo Town, as well as owning a boutique in the central business district. With the the profits from her business, she will be able to take better care of her growing family.

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
  • 5
    View loans »
    Zimbabwe Loans Fundraising
  • $3,587,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Golden Group's $2,450 loan helped a member to buy spare parts for the grinding mill and clothes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 23, 2011
Dec 18, 2011
Currency Exchange Loss:
Aug 29, 2012