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Florence lives in the small town of Gweru in Zimbabwe and she conducts her business of selling clothes in the same community. She has requested another loan of $800 to buy baby clothes and winter clothes for kids. This loan will enable her to increase her stock levels. Subsequently, her sales will also increase as will her income. With this extra income, she will be able to buy other goods for her home use. Florence says the challenge she faces is the shortage of capital. Florence is planning to open a bigger shop to stock clothes for all age groups.

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
  • 9
    View loans »
    Zimbabwe Loans Fundraising
  • $3,748,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Florence to buy clothes to resell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Dec 5, 2011
Dec 19, 2011
Currency Exchange Loss:
Aug 1, 2012