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Shorai
Greetings from Zimbabwe! This is 37-year-old Shorai from Harare. She is married and has three children, all of whom attend school.

Shorai runs a retail business selling electrical goods, clothing and shoes. The business has been in operation for five years. She says the main challenge she faces is the lack of working capital. Shorai has requested a loan of $1,000 in order to buy more electrical goods, clothing and shoes for resale. She says the extra income generated as a result of this loan will allow her to pay school fees for her three kids.

In the future, Shorai plans to own a complex.

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
  • $3,269,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Shorai to buy more electrical goods, clothing and shoes.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 18, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2013