Kushanda Kushinga Group
This is 43-year-old Ruramai from Masvingo. She is married and has six children, four of whom are attending school. She also cares for two dependents.
Ruramai runs a poultry business. The business has been in operation for 2 years. She says that her challenges are some of her debtors failing to pay on time.
Ruramai has requested a loan of $200 to buy stockfeeds and chicks. She says the extra income generated as a result of this loan will go towards the upkeep of her family.
In the future, Ruramai plans to grow her business to include layers for egg production.
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