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Ntombezinhle
Greetings from Zimbabwe! This is 34-year-old Ntombezinhle from Bulawayo. She is married and has one child, who attends primary school. Ntombezinhle runs a retail business. She sells footwear and a variety of clothing items. The business has been in operation for at least nine years now. She orders her stuff outside the country where it is relatively cheap and of good quality. She says the main challenges faced are competition and high import duty when bringing in a lot of stuff. Ntombezinhle has requested a loan of $500 to buy shoes,balnkets and clothes for resale. She says the extra income generated as a result of this loan will enable her to have more income to buy food and pay fees for her child, as well as pay rentals for her business premises. The money will also go a long way in uplifting her business. In the future Ntombezinhle plans to open more stalls around town and 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

  • $400
    Average annual income
  • 55
    View loans »
    Zimbabwe Loans Fundraising
  • $3,423,350
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Ntombezinhle to order blankets, handbags, shoes and clothes, including tracksuits, winter boots, and skirts, for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 11, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014