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Marjory
Greetings from Bulawayo, the second-largest city in Zimbabwe. Marjory is 43 years old, married with three children, all of whom are attending school. She has for the last six years been involved in home decor and sewing of uniforms. Her biggest challenge has been her inability to meet customer demand because of limited working capital. Marjory has requested a $400 loan to buy sewing material. She says the income generated from the loan will see her more financially stable and pay for her children's school fees. In the near future, Marjory plans to own a large school uniform manufacturing business.

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
  • 3
    View loans »
    Zimbabwe Loans Fundraising
  • $3,221,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD