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Jefferson
Greetings from Zimbabwe! This is 51-year-old Jefferson from Chitungwiza. He is married with two children, both attending school. He also cares for two dependents. Jefferson runs a retail business selling bedspreads, seat covers, ladies' costumes, men's and kids' wear. He is also into the cross border business.The business has been in operation for 10 years. He says the main challenge faced is that competition is high. Jefferson has requested a loan of $500 to buy more stock for resale. He says the extra income generated as a result of this loan will help in payment of school fees. In the future Jefferson plans to open a shop of his own.

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.

About Zimbabwe

  • $2,000
    Average annual income
  • 40
    View loans »
    Zimbabwe Loans Fundraising
  • $3,546,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD