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Tashinga 2 Group
In this Group: Eresina, Lastborn, Rachell, Renah, Beatrice, Tendai, Fadzai
Eresina is 43 years old, single, and has one child who attends school. She has three other dependents (her sister's children). Eresina operates a flea market stand in Masvingo town. She has been in business for six years and has one employee. She buys her products from South Africa and Botswana.

Eresina is requesting a loan for $250, which she will use to more more clothes to sell. High competition in the market and some debtors failing to make payments on time are some of the challenges she faces in the business. With the profits from the business, Eresina would be able to take better care of her child and save for their future. Her dream is to own a clothing store in the Central Business District area.

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

  • $2,000
    Average annual income
  • 48
    View loans »
    Zimbabwe Loans Fundraising
  • $3,567,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tashinga 2 Group's $2,800 loan helped a member to buy clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 12, 2011
Listed
Jan 9, 2012
Currency Exchange Loss:
N/A
Ended:
Aug 29, 2012