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Wiriranai
Greetings from Zimbabwe! This is 28-year-old Wiriranai from Chitungwiza. He is married with three children, one still attending school. He also cares for one dependent. Wiriranai runs a retail business of buying and selling eggs. The business has been in operation for 15 years. He says the main challenges faced are competition in pricing system and the availability of eggs during the winter season. Wiriranai has requested a loan of $500 to buy more eggs. He says the extra income generated as a result of this loan will allow him to improve the welfare of his family. In the future, Wiriranai plans to own a wholesale egg market in the central business district.

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

  • $400
    Average annual income
  • 59
    View loans »
    Zimbabwe Loans Fundraising
  • $3,423,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Wiriranai to buy more eggs for resale.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2011
Listed
Jan 5, 2012
Currency Exchange Loss:
N/A
Ended:
May 25, 2012