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Onias
Greetings from Zimbabwe! This is 38-year-old Onias from Bulawayo. He is married with three children and two attending school. He also cares for one dependent. Onias runs a retail business which sells cellphones and accessories, including chargers, pouches, earphones and memory cards. He also sells clothing items, such as kids wear, shoes, and jackets.The business has been in operation for two years. He says the main challenge he faces is competition from bigger retailers who offer credit to customers. Onias has requested a loan of $500 (USD) to buy more stock and new brands of cellphones for resale. The phones cost between $10 to $200, and can be sold from $15 to as much as $800. He says the extra income generated as a result of this loan will allow him to send his children to better schools, as well as boost his business. In the future, Onias plans to open a big shop in town, selling a variety of electrical gadgets.

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
  • $3,297,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Onias to buy cellphones, memory cards and other accessories for resale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2013
Listed
Jun 4, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014