Tracy is 21 and single. She resides in the Muzarabani District of Zimbabwe. Ever since she left school she has been running a business buying and selling groceries from her homestead. She has managed to save and expand the business to the small shop that she now operates at the local business center. She serves as a Peer Educator in her community and as a Camfed Learner Guide at the local secondary school. She supplies the community with sugar, rice, tea, stationery, sanitary items, cooking oil, and potato chips. With this Kiva loan Tracy is going to make bulk purchases to reduce her costs and increase sale volume and profits. She hopes to be economically stable so that she can support her siblings through school.
More information about this loan
Young women who live and work in the most impoverished, rural districts of Zimbabwe have very limited income, lack collateral and cannot access loans at affordable rates
Camfed's borrowers are young women who live and work in these remote rural areas and belong to the Cama network (the association of Camfed alumni). Most Cama borrowers will have received money management and business training through Camfed’s programs for young women who have completed high school. Borrowers will repay interest upon their loans as a "social interest" - through their volunteer efforts to enhance the quality of the education provided by their local schools.
Borrowers commit to contribute a minimum of 2.5 hours per week as volunteers. As Learner Guides, they will lead students through a new wellbeing curriculum that helps develop students’ skills and capacities for decision-making, problem solving, leadership, entrepreneurship, resilience, communication, and empathy.
The Campaign for Female Education (Camfed) is an international nonprofit organization operating in five countries in Africa that focuses on eradicating poverty in rural Africa by investing in education for girls and supporting the economic self-reliance and leadership of young women. Camfed provides support for the long-term, working with individuals from primary to high school, and through the Cama empowerment and community outreach group.
Kiva lenders’ funds are used to link women living in rural Zimbabwe to the capital they need to expand their businesses, support their families and contribute to their communities.