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Chazezesa Group
In this Group: Gladys , Taurai, Maggret, Joyce, Justina, Tracey
Maggret is the Chairperson of Chazezesa group which is located in the Kuwadzana high density suburb in Harare. She is a mother of six and is aged 46. Her husband operates a hardware shop in the same area. Maggret rears broiler chickens in the back yard of her house and she has a fowl run with a capacity of 300 birds. Currently she has in her fowl run 2 batches of 75 birds each, so she has capacity to expand with further funding.

Their group is full of potential with members having a lot of energy for their respective businesses. Their loan requirement is $2,100. This amount will take them a long way as it will improve and grow their businesses. The loan will not only have an impact on business, it also positively influences their households as they complement their personal lives. The women view these loans as a chance to attain financial security and sustainability. Maggret requires $500 to increase her working capital to increase the number of birds she rears per batch.

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

  • $400
    Average annual income
  • 54
    View loans »
    Zimbabwe Loans Fundraising
  • $3,424,050
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Chazezesa Group's $2,100 loan helped a member to rear more chickens for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015