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Luckystar Group
In this Group: Priscilla, Ratidzo, Skhatele, Marilyn, Natasha, Margie, Mary
This is Mary. She is 51 years old, married with seven children, and lives in the “city of progress” called Gweru in Zimbabwe and is into the poultry and retail business of selling clothes and blankets. Three of her children still attend school. Mary has one dependent living with her who also still attends school. She has requested a loan of $400.00 to buy chicks, chicken feed, blankets for her poultry project and flea market business. With the income from this loan she will be able to improve her business performance and return a bit more income for investment into other ventures . She says the challenges faced in her business are bad debtors who sometimes fail to make payments for the items bought on credit. She is planning to invest into more businesses that might benefit her community by reducing poverty .

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
  • 8
    View loans »
    Zimbabwe Loans Fundraising
  • $3,271,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Luckystar Group's $2,800 loan helped a member to buy chicken, chicken feed, blankets and comforters for flea markets.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2011
Listed
Jan 1, 2012
Currency Exchange Loss:
N/A
Ended:
Dec 15, 2012