Goodness And Mercy Group
Sarah runs a retail business selling fruits and vegetables. The business has been in operation for five years. She says the main challenges faced are that there is no proper structure to operate from and the import duty is too high.
Sarah is a member of Goodness and Mercy Group. She has requested a loan of USD 400 to buy more stock. She says the extra income generated as a result of this loan will allow her to increase profits, thereby expanding the business, hence providing employment to the community.
In the future, Sarah plans to open a shoe retail shop.
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