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Takwirira Group
In this Group: Devine , Sifellah, Constance, Jane
Devine aged 30years is a member of Takwirira Group. She resides in a high density area in Harare. She is a hairdresser. She started hairdressing when she was a teenager and it has become her source of livelihood. Devine has always had dreams of growing her business by buying more equipment for her business and moving to better and bigger premises as her clientele is increasing. Currently she is operating in a small roadside wooden cabin. She also aspires to train other young women who want to do hairdressing. The money she earns has empowered her and she is now able to contribute financially to her family’s upkeep, she now pays school fees for her brother. She is looking forward to growing her business and grow as a business woman with her loan from Thrive.

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

  • $2,000
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,458,725
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Takwirira Group's $1,000 loan helped a member to expand her hair-dressing salon.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2015