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Miriam
Greetings from Zimbabwe! This is 44-year-old Miriam from Harare. She is married with one child who attends school. She also cares for two other dependants. Miriam runs a retail business selling clothing items for men, women and kids. The business has been in operation for four years. She says the main challenges faced are limited access to working capital and a lack of variety in her products. Miriam has requested a loan of $500 to buy more stock of men and ladies' clothes for her business. She says the extra income generated as a result of this loan will allow her to finish building her family house. In the future, Miriam plans to open more shops around town.

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 $500 helped Miriam to buy more stock of clothes to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2014
Listed
Apr 26, 2014
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014