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Komborero Group
In this Group: Chipiwa, Ledwin, Charity, Magret, Esther, Felicitas
Greetings from Zimbabwe! This is 43-year-old Ledwin from Masvingo. She is a member of Komborero Group. She is married with three children and two are attending school. She also cares for two other dependents. Ledwin runs an agriculture related business producing chikens. The business has been in operation for 10 years. She says the greatest challenge being faced are the unclearly defined markets. Ledwin has requested a loan of $1000 to buy building materials for the construction of a fowl run. She says the extra income generated as a result of this loan will provide her with an increase in income and hence improve the family welfare. In the future, Ledwin plans to keep 1500 birds in different batches.

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

  • $400
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,291,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Komborero Group's $6,000 loan helped a member to buy building material to build a chicken run.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 13, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014