Check out some available loans that are similar to this one!
Kuwadzana Kwemadzimai Group
In this Group: Beata, Monica, Rudiya
Greetings from Zimbabwe! This is 28-year-old Rudiya from Mutare. Rudiya is a member of the group called Kuwadzana Kwemadzimai. She is single with no children. She cares for one dependent. Rudiya runs a retail business selling electrical goods, furniture and clothes. The business has been in operation for four years. She says the main challenges are late payments from clients who buy on credit and high import duties. Rudiya has requested a loan of $600 of the $1,800 group loan to buy television sets and radios for resale. She says the extra income generated as a result of this loan will allow her to send her sister`s son to a better school. In the future Rudiya plans to build her own shop and expand the business.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Zimbabwe

  • $2,000
    Average annual income
  • 19
    View loans »
    Zimbabwe Loans Fundraising
  • $3,761,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Kuwadzana Kwemadzimai Group's $1,800 loan helped a member to buy television sets and radios for resale.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Jul 2, 2013
Jul 23, 2013
Currency Exchange Loss:
May 17, 2014