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Pachedu Group
In this Group: Entrance, Hildregard, Mabel, Tichayana, Alice, Irene, Abigirl, Marian
Entrance is 44 years old. She is married and has four children aged 24, 20, 15 and 11 years. Two of them are still at school. She does not take care of any other dependents besides her four children. Her husband is formally employed as a teacher.

Entrance operates her business from her residential place in Masvingo and does marketing of her products on her own to the surrounding communities. She has been in business for two years and has no employees working for her. She buys her products from South Africa.

Entrance has requested a loan of $400 to buy more stock of perfumes, blankets and jewellery. With the extra income from this loan she will be able to send her children to better schools with quality education. She says high competition in the market is the major challenge in business. In the next five years she would like to own a shop in town to operate from and hopefully open some branches nationwide.

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
  • 5
    View loans »
    Zimbabwe Loans Fundraising
  • $3,738,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Pachedu Group's $3,200 loan helped a member to buy perfumes, blankets, jewellery and travelling bags.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 12, 2012
Jan 10, 2012
Currency Exchange Loss:
Aug 1, 2012