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Progressive Group
In this Group: Tawanda, Kaisa, Elisha, Peter, Eunice, Euna, Mercy, Edzai, Douglas
Tawanda is a 35-year-old married man from Masvingo, Zimbabwe, who has two children, aged seven and three years. One of his children goes to a local primary school. He has three other dependents, including his sister's child and younger brother, who stay with him.

Tawanda operates a flea market stall in town and he buys his products from South Africa. He has been in this business for seven years and he has one employee working for him. He has requested a loan of $600 to buy more clothes for resale. With the income generated from this loan, Tawanda will be able to provide for a better future for his children. He faces the challenge of high competition in the market, but he is however planning to open his own boutique in town in the next five years.

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
  • 39
    View loans »
    Zimbabwe Loans Fundraising
  • $3,547,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Progressive Group's $4,600 loan helped a member to buy clothes and shoes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 15, 2012
Mar 29, 2012
Currency Exchange Loss:
Oct 19, 2012