Check out some available loans that are similar to this one!
Mee Group
In this Group: Balbina, Elita, Elizabeth, Miriam
Elita C., 37, operates a retail business that sells groceries in Gweru where she lives. She has applied for this loan through MicroKing for the purposes of increasing her stock levels by buying sugar, rice, bread, soap, etc.

Elita and her husband are both teachers and get their supplementary income from their teaching professions. They have two children aged 13 and 10, both attending school. Elita has been running the business for the past 10 years and she employs one person.

She faces some transportation challenges on deliveries as well as competition. Low stock levels are a cause of concern for her and she hopes that the capital injection will assist on increasing the stock levels. She envisions herself operating from her own shop premises and diversifying into selling electrical goods.

Note: In the photo, the lady seated is Elita.

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.

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.

About Zimbabwe

  • $2,000
    Average annual income
  • 2
    View loans »
    Zimbabwe Loans Fundraising
  • $4,195,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mee Group's $1,600 loan helped a member to increase her grocery shop stock levels.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 13, 2011
Apr 25, 2011
Currency Exchange Loss:
Aug 16, 2011