Mandivengereyi runs a tailoring business where she makes curtains, throw-overs, and seat covers. The business has been in operation for two years. She says the main challenge she encounters is a lack of capital to buy adequate materials for her orders.
Mandivengereyi has requested for a loan of USD 500 to buy materials and threads. She says the extra income generated as a result of this loan will increase her household income, enabling her to provide a better quality life for her family.
In the future, Mandivengereyi plans to grow her business and open a big shop.
About MicroKing FinanceMicroKing'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.
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Success!! The loan was 100% repaid