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Lighthouse Group
In this Group: Lucy, Alice, Maria, Salome, Pamhidzai, Hazvineyi
Maria is a member of the Lighthouse group. She is the one holding a stack of hats in the photograph. She is 46 years old and widowed. Maria is a cross border trader who is philanthropic in nature. She travels to Johannesburg, South Africa twice every month to purchase stock of hats, socks, scarfs, and other small items. She sells her stock in town at four different points. What is unique about her operation is that she employs only the disabled to sell at the other three points. She pays them every week, provides transport and lunch money. She also provides them with counseling and moral support.
Maria and her group need a loan of USD2150.00 so that they can boost their businesses and provide for their families as most of them are bread winners. The group has completed the Thrive training course and have evidently improved their business methods.

Additional Information

About THRIVE:

THRIVE Microfinance is a for-profit microfinance institution in Zimbabwe that was founded in 2012 by former Kiva Fellow Henry Bartram. The organization provides productive business loans that utilize the group lending methodology, lends only to women, and provides auxiliary training before and after loans.

The organization currently supports approximately 25 groups of women, with $190,000 outstanding. With Kiva’s support, THRIVE will strive to reach their goal of $350,000 by the end of 2014.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About Zimbabwe

  • $2,000
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,458,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Lighthouse Group's $2,150 loan helped a member to buy hats, socks, scarves and other items for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
May 27, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014