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Ratidzai
Greetings from Zimbabwe! This is 45-year-old Ratidzai from Harare. She is married and has two children. She also cares for two other dependents. Ratidzai runs a sewing business, producing seat covers and bed spreads. The business has been in operation for 15 years. She says the main challenges she faces are lack of capital and stiff competition. Ratidzai has applied for a loan of USD 500 to buy more fabric for her sewing. She says the extra income generated as a result of this loan will allow her to improve their standard of living. In the future, Ratidzai plans to open a big 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
  • 3
    View loans »
    Zimbabwe Loans Fundraising
  • $3,221,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Ratidzai to buy more fabric for her sewing business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 18, 2014