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Thembinkosi
Greetings from Zimbabwe! This is 56 year old Thembinkosi from Bulawayo. She is married and has one child who attends school. Thembinkosi runs a retail business, selling various clothing items, footwear and blankets. The business has been in operation for two years. She says the main challenges faced are high import duties charged at the border and lack of capital to boost the business. Thembinkosi has requested a loan of $1,000 so that she can order more stock, and restock winter wear as well. She says the extra income generated as a result of this loan will help in paying her day-to-day expenses, both at home and in the business. In the future, Thembinkosi plans to open more outlets in her rural home as well as other surrounding areas.

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 $1,000 helped Thembinkosi to purchase various clothing items for resale, which include kids wear, ladies, and men's wear.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 29, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014