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Tendai
Greetings from Zimbabwe! This is 50-year-old Tendai from Harare, a married mother of three who also cares for three other dependents. For two years now, Tendai has been producing peanut butter. Her main challenge is limited working capital to allow her to print labels for her peanut butter containers.

Tendai has requested a loan of $500 to purchase peanuts for peanut butter manufacturing and bottles for packaging. She says the extra income generated as a result of this loan will allow her to improve her standard of living.

In the future Tendai plans to purchase a delivery van and more machines in order to meet demand.

Additional Information

About MicroKing Finance

MicroKing's loans are guaranteed against institutional default (failure of MicroKing to repay Kiva lenders if the borrower repays MicroKing) by MicroKing's parent company: Kingdom Financial Holdings Limited.

More About MicroKing
This loan is administered by MicroKing Finance, Kiva’s first partner in Zimbabwe.

MicroKing’s mandate is to provide financial services integrated with advisory services and targeted training to the under-banked but rapidly growing Zimbabwean micro-enterprise sector. The intent is to mobilize the underprivileged as active agents in fighting poverty as well as to accelerate the country’s journey back to economic prosperity where Zimbabwe was once known as the “bread basket of Africa.”

Zimbabwean micro-enterprises are generally run by women and comprise a multitude of business types. Constraints on local production and manufacturing capacity have led to cross-border trading being the most common type of business.

About Zimbabwe

  • $400
    Average annual income
  • 0
    View loans »
    Zimbabwe Loans Fundraising
  • $3,221,875
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A loan of $500 helped Tendai to buy peanuts for peanut butter-making.
64% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2014
Listed
Aug 20, 2014
Currency Exchange Loss:
N/A