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Fortune
Greetings from Zimbabwe! This is 31-year-old Fortune from Bulawayo. He is single, with one child; he also cares for one dependent.

Fortune runs a retail business selling consumer groceries, which includes drinks, milk, bread, sugar, rice and other items. The business has been in operation for four years. He says the main challenges he faces are lack of working capital to restock.

Fortune has requested a loan of $750 to restock in bulk, thus avoiding constant trips to wholesalers, since he operates far from the town where they are located. He says the extra income generated as a result of this loan will allow him to cover his expenses, both at home and in the business.

In the future, Fortune plans to save enough from the loan profits to enable him to complete the building of his own shop at the business centre.

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
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,458,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $750 helped Fortune to order stock to sell in his grocery shop, including drinks, biscuits, sugar, maize meal, rice, bath soap, washing soap, juices and other various consumer goods.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2013
Listed
Jun 11, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014