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Keresencia
Greetings from Zimbabwe! This is 46-year-old Keresencia from Harare. She is widowed with one child. Keresencia produces African designs on materials for sale. The business has been in operation for three years. She says the main challenge she faces is the lack of adequate capital.

Keresencia has requested a loan of $700 to buy more fabric and chemicals to increase her orders. She says the extra income generated as a result of this loan will allow her to improve her family's standard of living. In the future, Keresencia plans to export her work all over the world.

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
  • $3,547,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $700 helped Keresencia to buy more fabric and chemicals to increase her capacity to produce African designs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2013
Listed
Apr 26, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 17, 2013