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Cynthia
Greetings from Zimbabwe! This is 22-year-old Cynthia from Bulawayo. She is married, and the couple have one child. Cynthia runs a retail business. She mainly sells clothes, including jeans, trousers, skirts, suits for both men and women, and footwear. She also stocks other goods, such as suitcases, blankets and solar panels. The business has been in operation for two years. She says the main challenges she faces are competition from larger retailers and high travel costs and import duties. Cynthia has applied for a loan of $400 to buy clothes and solar panels for resale. She says the extra income generated as a result of this loan will allow her to improve her family's welfare and enable her to pay for her kid's education. In the future, Cynthia plans open a boutique in town.

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
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,246,575
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $400 helped Cynthia to buy clothes and solar panels for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 17, 2013
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014