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Joseph
Greetings from Zimbabwe! This is 32 year old Joseph from Masvingo. He is married with three children, only one of which attends school. He also cares for one other dependent. Joseph runs a fashion boutique business selling clothes, shoes and handbags. The business has been in operation for 6 years. He says the main challenges faced are stiff competition and delays at the boarder post. Joseph has requested a loan of $600 to purchase skirts, jeans, sneakers, handbags and shoes for resale. He says the extra income generated as a result of this loan will allow him an increase in disposable income hence an improvement in his family's welfare. In the future Joseph plans to open shops and also venture into transport 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.

About Zimbabwe

  • $2,000
    Average annual income
  • 38
    View loans »
    Zimbabwe Loans Fundraising
  • $3,567,150
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Joseph to purchase skirts, jeans, sneakers, handbags, and shoes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2014
Listed
Mar 16, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2014