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Rhoda
Greetings from Zimbabwe! This is 34-year-old Rhoda from Masvingo. She is married with three children, and two are attending school. Rhoda runs a retail business selling electrical goods. The business has been in operation for 10 years. She says the main challenges faced are of credit customers failing to pay on time and high import duties.

Rhoda has requested a loan of $600 to buy electrical items for resale. She says the extra income generated as a result of this loan will allow her to pay school fees for her children easily. In the future Rhoda plans to stock a variety of electrical products.

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
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,297,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $600 helped Rhoda to purchase electrical items for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 25, 2014
Listed
Mar 27, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 18, 2014