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Kupakwashe Group
In this Group: Stella, Annacleta, Rosalia, Dorothy, Ekenia, Blessing, Susan, Tracy
Stella is a member of the Kupakwashe Group. She lives in Mbare, a high density suburb of Harare known for high crime rates. Stella is an elderly widow who is in the business of baking and selling pies. In the picture she is with her team of bakers. The other eight members of the group are into selling groceries, grains and clothing.
Stella and her group mates help women in their community to empower themselves by giving them cooking lessons free of charge. During these lessons the women are taught how to bake pies and cakes as well as cooking other traditional foods. The group has raised money and bought an industrial stove which they use during the cooking lessons. They also rent a room in which they conduct the trainings. These women then go on to sell the food they cook in order to earn a living.
The Kupakwashe group needs a combined loan of $4650 from Kiva to finance their individual businesses and also to buy more industrial stoves as the one they have limits the number of women they can help at a time.

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
  • 3
    View loans »
    Zimbabwe Loans Fundraising
  • $3,294,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Kupakwashe Group's $4,650 loan helped a member to buy more industrial stoves to expand her bakery business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2014
Listed
Jul 12, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015