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Tagarika Group
In this Group: Mornica , Tawedzerwa , Stephen, Freddie, Lameck
Mornica, age 42, is from Harare. She is married and has three children, all attending school. She also takes care of two additional dependents. Mornica is engaged in buying and selling of packaging materials for agricultural produce, such as potatoes, oranges and tomatoes. She imports from neighbouring countries. Her business has been in operation for five years. She says the main challenges she faces are import duties, and change of seasons for her products.

Mornica has requested a loan of $500, which she will use to buy more packaging to resell. She says the extra income generated as a result of this loan will allow her to increase the family's cash flow and improve the quality of life for her children. In future, Mornica wishes to be one of the big providers of packaging materials in town.

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
  • 47
    View loans »
    Zimbabwe Loans Fundraising
  • $3,567,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tagarika Group's $2,500 loan helped a member to buy more packaging for agricultural produce, to resell to her customers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 3, 2013
Apr 6, 2013
Currency Exchange Loss:
Sep 17, 2013