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Tawanda
This is 31-year-old Tawanda from Harare, the capital of Zimbabwe. Tawanda means "he who does not sleep"; he is married, with no children.

Tawanda runs a retail business selling cellphones & accessories. The business has been in operation for five years. He says the main challenge is lack of working capital.

Tawanda has requested a loan of $1,000 to buy more cellphones & accessories to sell.

He says this loan will enable him to get more income.

In the future, Tawanda plans to operate a wholesale shop.

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
  • 54
    View loans »
    Zimbabwe Loans Fundraising
  • $3,424,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Tawanda to buy more cellphones and accessories.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2014