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Cynthia
Greetings from Zimbabwe! This is 27-year-old Cynthia from Harare, a married mother of one child. For three years now, Cynthia has been running a retail business selling cellphones and accessories. Her main challenge is high competition.



Cynthia has requested a loan of $750 to buy more cellphones for resale. She says the resulting extra income generated will allow her to improve her family's standard of living. In the future, Cynthia plans to become a supplier of cellphones to other retailers in Harare.

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 $750 helped Cynthia to buy more cellphones for resale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
May 2, 2013
Listed
May 1, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 18, 2013