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Smiling
Greetings from Zimbabwe! This is 30 year old Smiling from Gokwe. She is married with three children and two are attending school. She also cares for one other dependent. Smiling runs a retail business selling groceries, cooking oil, sugar, flour, and washing powders. The business has been in operation for 3 years. She says the main challenge being faced is the high levels of competition. Smiling has requested a loan of $1000 to purchase groceries for resale. She says the extra income generated as a result of this loan will allow her to increase stocks hence profitability. In the future Smiling plans to grow her business into a supermarket/service 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.

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About Zimbabwe

  • $2,000
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,458,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Smiling to buy groceries for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2014
Listed
Apr 29, 2014
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2014