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Three Stars Group
In this Group: Stella , Mercy, Julian
Stella, center, is a 39 year widow from Chiredzi. She has 2 children aged 21 and 17 years with the younger one still going to school. Stella is in the business of selling motor oils in Chiredzi town. She has been in the business for 3 years. She has requested a loan of $400.00 for additional supplies of lubricants to sell. To help her in her operations, Stella has 2 workers, one doing the administration work and the other one doing sales and marketing of her products. Stella says the challenge she faces in the business is the availability of lubricants at a prices where she can make a profit. She is planning to open a shop where she can sell all spare motor parts rather than just lubricants. With the extra income generated from the loan, Stella will be able to improve the standard of living of her 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

  • $400
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,221,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Three Stars Group's $1,200 loan helped a member to buy additional motor oil to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 1, 2011
Listed
Dec 19, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 1, 2012