Check out some available loans that are similar to this one!
Sibonisiwe
Greetings from Zimbabwe! This is 34-year-old Sibonisiwe from Bulawayo. She is married, and she and her husband have four children, of whom three attend school.

Sibonisiwe runs a retail business selling footwear and clothes. The business has been in operation for 4 years. She gets most of her stuff from outside the country. She says the main challenges she faces are stiff competition when it comes to prices and also exorbitant import duty taxes.

Sibonisiwe has requested a loan of $500 to order a variety of product stock and increase her business capacity. She says the extra income generated as a result of this loan will allow her more income to buy food, and to pay rentals and fees for the children in school. In the future, Sibonisiwe plans to open more stalls around town and a clothes 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
  • 11
    View loans »
    Zimbabwe Loans Fundraising
  • $3,271,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Sibonisiwe to replenish stocks of clothes, footwear, and blankets, and to purchase new items for winter.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014