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Ndabezinhle
Greetings from Zimbabwe! This is 51-year-old Ndabezinhle from Gokwe. He is married with two children, one who is attending school. He also cares for one other dependant. Ndabezinhle runs a manufacturing business producing window frames, desks, chairs, and scotch carts. The business has been in operation for nine years. He says the main challenges faced are a lack of finance and bad debtors.

Ndabezinhle has requested a loan of $750 to buy a welding machine and steel bars. He says the extra income generated as a result of this loan will allow him to increase his sales, and hence his disposable income. In the future, Ndabezinhle plans to be dominant in the sector and provide a one-stop 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 $750 helped Ndabezinhle to buy a welding machine and steel bars.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2014
Listed
May 15, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 1, 2015