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Greetings from Zimbabwe! This is 47-year-old Ruth from Bulawayo. She is widowed with three children, all attending school. She also cares for two other dependents.

Ruth runs a retail business selling clothes and footwear . The business has been in operation for 19 years. She says the main challenge faced is competition from bigger retailers.

Ruth has requested a loan of $500 to replenish stock for the coming winter season. She says the extra income generated as a result of this loan will allow her to increase business capacity by opening more stalls as well as pay fees and rentals. In the future Ruth plans to open more stalls.

Stock is bought outside the country where it is cheaper and sold locally at a profit, for example shoes bought for $1 will be sold at $4. The same applies to clothing.

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

  • $2,000
    Average annual income
  • 19
    View loans »
    Zimbabwe Loans Fundraising
  • $3,761,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Ruth to order more clothing and footwear for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 22, 2013
May 23, 2013
Currency Exchange Loss:
May 17, 2014