Shumirai has requested for a loan of $200 to buy stock feeds as well as clothes for resale, for the other business of clothes selling she is running. With the income generated from the loan, Shumirai will be able to pay school fees for children on time. She says the major challenges she faces are of chicks dying prematurely because of outbreak of some diseases.
Shumirai is planning to operate her poultry business on a larger scale in the next five years and also to have a much bigger flea market.
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