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Christine
Christine is a middle aged lady who lives in Gweru town with her family. She is in the business of buying and selling cellphone accessories, such as chargers, batteries, memory cards and handsets.

Christine started doing business five years ago. She is requesting a loan of $800.00 so that she can buy more stock to maximize on profits. With the income from this loan, she will manage to purchase furniture and fittings for her shop. She will also buy food and clothing for her family. Christine is planning to diversify into selling electrical goods in the next five years.

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
  • 27
    View loans »
    Zimbabwe Loans Fundraising
  • $3,546,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Christine to buy cellphone accessories.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2011
Listed
Dec 19, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 1, 2012