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Gloria
Gloria is 28 years old. She is married and resides in the Chiredzi District of Zimbabwe. Gloria has been volunteering as a Camfed Learner Guide, voluntarily teaching life skills education at her local secondary school on a weekly basis. In addition, Gloria rents a table at the local flea market where she sells men’s and women’s clothing and accessories.
With a Kiva loan, Gloria will purchase clothing in bulk to reduce her unit costs and increase profit margins. Her desire is to grow the business and open her own store. This will bring stability to her business and will enable her to provide for her family’s basic needs.

Additional Information

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. 

About Camfed

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.

Tags

About Zimbabwe

  • $2,000
    Average annual income
  • 41
    View loans »
    Zimbabwe Loans Fundraising
  • $3,547,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Gloria to purchase more clothes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 20, 2014
Listed
Jul 18, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 23, 2015