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Caroline
Greetings from Bulawayo, the second largest city in Zimbabwe. Caroline is 43 years old, married with five children, four of whom are attending school. Caroline has for the last eighteen months, run a retail shop selling clothing and footwear. She has only one employee to assist her. Her biggest challenge has been inability to meet customer demands due to limited working capital. Caroline has requested a $750.00 loan to buy clothing and footwear for resale. She says the income realized as a result of this loan will help her pay for household expenses. In the future, Caroline would like to open her own clothing boutique 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.

About Zimbabwe

  • $400
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,221,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $750 helped Caroline to buy clothing and footwear for resale.
53% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2014
Listed
Jun 7, 2014
Currency Exchange Loss:
N/A