Violet runs a retail business selling fresh and dried fish and kapenta (sardines). The business has been in operation for five years. She says the main challenges she faces are transport costs and health tariffs.
Violet has requested a loan of $500 to buy bulk stocks of kapenta and fish for resale. She says the extra income generated as a result of this loan will allow her to supplement her spouse's salary and improve her business capacity as well as their lifestyle.
In the future Violet plans to venture into the poultry business.
About MicroKing FinanceMicroKing'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.
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