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Wadzanai
Wadzanai is a 26-year-old single woman living in the Mt. Darwin District of Zimbabwe. She runs a grocery shop where she sells items such as bread, milk, butter, and sugar. Wadzanai opened her business in October 2013 after she realized that she needed a stable source of income to sustain herself and her siblings. She volunteers each week at the local secondary school as a Camfed Learner Guide, as well.

As for her business plans, Wadzanai intends to use the Kiva loan to purchase sugar, cooking oil, rice, flour, washing soap, soft drinks, and snacks in bulk to reduce the costs. As a single woman, Wadzanai intends to invest her money in her education and also use it to support her siblings.

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
  • 42
    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 Wadzanai to increase her stock of sugar, cooking oil, rice, flour, washing soap, soft drinks, and snacks.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2014
Listed
Jul 28, 2014
Currency Exchange Loss:
N/A
Ended:
Jun 29, 2015