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Julia
Greetings from Zimbabwe! This is 56-year-old Julia from Bulawayo. She is married with five children. All her children are going to school. Julia runs a retail business. She sells new clothes for kids, women and men. She also sells footwear and African attire. The business has been in operation for over 30 years and has been her source of income since then. She says the main challenges faced are price wars and high import duty when bringing goods from outside the country. She has requested a loan of $500 to buy clothes for women , men and children for resale. She says the extra income generated as a result of this loan will allow her to pay for her children's educational fees and other business expenses, thus improving the family's lifestyle. In the future, Julia plans to open numerous outlets and and increase her business capacity.

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
  • 1
    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 Julia to buy men, women and children's clothes for resale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014