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Angeline
This is 46-year-old Angeline, from Harare, the capital city of Zimbabwe. She is widowed and has two children, one attending school. She also cares for one other dependent. Angeline runs a retail business where she sells clothes and footwear. The business has been in operation for two years. She says the main business challenge she faces is a lack of working capital.

Angeline has requested a loan of $800 to buy more clothes and footwear to resell. 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 Angeline plans to own a flea market.

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
  • $3,246,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $800 helped Angeline to buy more clothes and footwear to resell at her shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 30, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 19, 2013