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Loreen
Loreen is a 30-year-old businesswoman who is a mother of two children living in the Matobo District of Zimbabwe. She has been running a business where she sells hair extensions, hair relaxers, and other hair creams. Loreen also volunteers with Camfed as a community activist, promoting the importance of education.

With the requested loan, she would like to purchase hair extensions, relaxers, and creams in bulk from wholesalers at a reduced price, allowing her to sell her products at a more favorable price. With the additional profits, she would like to meet the financial needs of her family.

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
  • 2
    View loans »
    Zimbabwe Loans Fundraising
  • $3,294,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $500 helped Loreen to purchase hair extensions, relaxers, and creams in bulk from wholesalers at a reduced price, allowing her to sell her products at a more favorable price.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2014
Listed
Aug 2, 2014
Currency Exchange Loss:
N/A
Ended:
Feb 27, 2015