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Hosana Group
In this Group: Loice, Nyaradzo, Nomsa, Jenny, Elizabeth
Loice is a 37 year old married mother of three . Her children are aged 15,13 and 10. They live in Gweru. Loice sells clothes at a Flea market in Gweru and she has been doing this business for one year.

She is facing some capital challenges at the moment even though she get a bit of help from her husband's salary. Loice is therefore applying a loan of $400.00 to fund some orders she has to supply. With additional income she gets, Loice will be in a position to develop her residential stand in Gweru.

In the future, she would like to have a shopping Mall in her neighborhood in the future.

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
  • 6
    View loans »
    Zimbabwe Loans Fundraising
  • $4,189,750
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Hosana Group's $2,000 loan helped a member to buy clothes for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 27, 2011
Oct 23, 2011
Currency Exchange Loss:
May 18, 2012