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Swunurai
This is 37-year-old Swunurai from Harare, the capital of Zimbabwe, which means “he who does not sleep". She is married with one child who attends school. Swunurai runs a retail business, selling women's and men's clothes and shoes. The business has been in operation for 5 years. She says the main challenges faced are lack of working capital and high competition.

Swunurai has requested a loan of $500 to buy more clothes and shoes for resale. She says that the extra income generated as a result of this loan will enable her to pay school fees for her child. In the future, Swunurai plans to own her big fashion 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

  • $2,000
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,458,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Swunurai to buy more clothing for resale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014