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Rhafinos
This is 27-year-old Rhafinos from Harare, the capital of Zimbabwe. Rhafinos means “he who does not sleep” and he is single with no children. He cares for one dependent.

Rhafinos runs a retail business, selling groceries and his business has been in operation for 1.5 years. He says the main challenge he faces is the lack of capital to buy goods in bulk. Rhafinos has requested a loan of $350 in order to buy more groceries for resale. He says the extra income generated as a result of this loan will allow him to look after his mother.

In the future Rhafinos plans to open a wholesale shop.

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
  • 11
    View loans »
    Zimbabwe Loans Fundraising
  • $3,271,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $350 helped Rhafinos to buy more groceries.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2013
Listed
May 18, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2013