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Charles
This is 43-year-old Charles from Harare, the capital of Zimbabwe. He is widower with one child, who attends school. He also cares for one dependent.

Charles runs a retail business where he sells men's clothing. The business has been in operation for seven years. Charles has requested a loan of $500 to buy more winter wear clothing. He says the extra income generated as a result of this loan will allow him to improve his family's standard of living.

In the future, Charles plans to own a big shop. He says the main challenge he faces is the lack of working capital.

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

  • $400
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,282,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Charles to buy more winter wear clothing to sell in his shop.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 30, 2013
Currency Exchange Loss:
N/A
Ended:
Dec 3, 2013