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Greetings from Zimbabwe! This is 40-year-old Cheryl from Bulawayo. She is divorced and stays with her three children. Two of her children go to school. Cheryl runs a retail business selling various clothing items and footwear for both kids, men and women. The business has been in operation for over 10 years. She says the main challenges that she faces are the lack of adequate working capital and competition from bigger retailers who offer credit facilities. Cheryl has requested a loan of $500 to replenish her stocks and introduce new products for the winter season, as well as other winter goods like blankets and winter jackets. She says the extra income generated as a result of this loan will allow her to supplement her household income and improve her business capacity. In the future, Cheryl plans to open a clothing boutique.

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
  • 4
    View loans »
    Zimbabwe Loans Fundraising
  • $3,748,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Cheryl to increase her stock of various clothing items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 31, 2013
Jul 3, 2013
Currency Exchange Loss:
May 17, 2014