Donny Magochar Group
She is in the business of selling cooked sausages to people in her community. She has been in this business for 3 years and she operates her business from Rujeko in Masvingo. She has requested a loan of $150.00 to buy sausages, cooking oil and a few dollars to fill her cooking gas stove. With the income from this loan Donny will be able save for her children's future. She buys her products from Harare. The challenges she faces include proper shelter to do her business from, because during the rain season the place becomes very muddy and during summer season the place becomes very hot . She is planning to get a stall from the authority to operate in a much better place during any time of the year.
About MicroKing FinanceMicroKing'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
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Success!! The loan was 100% repaid