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Beatrice

Update on Beatrice

Beatrice is currently operating a boutique at the local business center where she sells clothing and accessories. When she received the Kiva loan, her business was struggling because the majority of her customers were tobacco farmers and ploughing season had just started. Despite this, she went on and restocked her shop with higher quality clothes in order to get a competitive advantage to increase sales during this season, and the business has grown even bigger than she expected.

From the proceeds of the business Beatrice is now able to pay her own school fees to finish her course in bakery. She is very passionate about food and would love to diversify her business and open a bakery corner in her shop where she will sell cakes, muffins, and coffee.

She is now able to provide for her family with food and clothing and is paying school fees for her young sister. However, Beatrice still faces challenges in her business such as high rents and the seasonal variations in the business.

Previous Loan Details

Beatrice is 26 years old and lives in the District of Hurungwe in Zimbabwe. She is a single mother of one and earns a living through her small clothing shop where she sells T-shirts and children’s clothing. With her flair for business, she not only runs her clothing stall, but she also voluntee... More from Beatrice's previous loan »

Additional Information

More information about this loan


Young women who live and work in the most impoverished, rural districts of Zimbabwe have very limited income, lack collateral and cannot access loans at affordable rates
 

Camfed's borrowers are young women who live and work in these remote rural areas and belong to the Cama network (the association of Camfed alumni). Most Cama borrowers will have received money management and business training through Camfed’s programs for young women who have completed high school. Borrowers will repay interest upon their loans as a "social interest" - through their volunteer efforts to enhance the quality of the education provided by their local schools.
 

Borrowers commit to contribute a minimum of 2.5 hours per week as volunteers. As Learner Guides, they will lead students through a new wellbeing curriculum that helps develop students’ skills and capacities for decision-making, problem solving, leadership, entrepreneurship, resilience, communication, and empathy. 

About Camfed

The Campaign for Female Education (Camfed) is an international nonprofit organization operating in five countries in Africa that focuses on eradicating poverty in rural Africa by investing in education for girls and supporting the economic self-reliance and leadership of young women. Camfed provides support for the long-term, working with individuals from primary to high school, and through the Cama empowerment and community outreach group.

Kiva lenders’ funds are used to link women living in rural Zimbabwe to the capital they need to expand their businesses, support their families and contribute to their communities.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

Tags

About Zimbabwe

  • $2,000
    Average annual income
  • 48
    View loans »
    Zimbabwe Loans Fundraising
  • $3,569,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Beatrice to open a bakery in her shop.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 7, 2014
Listed
Apr 28, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014