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Matilda
Matilda is a 20-year-old woman from the Mt. Darwin District of Zimbabwe.



She is a Camfed Learner Guide at the local secondary school, where she facilitates sessions on life skills. Matilda also helps with the general cleaning of the community hospital. Furthermore, Matilda is operating a rented stall at the local flea market, where she sells shoes, dresses, skirts, t-shirts, and jackets. She started the business from the small savings she received from her father.



With the requested loan proceeds, Matilda would like to purchase shoes, dresses, skirts, t-shirts, and jackets in bulk to reduce transportation costs and meet the demand of her customers. Her greatest hope is to expand her business into a large shop, though she would also like to use her profits to further her education.

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

  • $400
    Average annual income
  • 12
    View loans »
    Zimbabwe Loans Fundraising
  • $3,271,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Matilda to expand and improve her business by purchasing additional clothes and shoes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2014
Listed
Jul 27, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 27, 2015