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Hazvidi Hope Group
In this Group: Gladys , Sylvia, Blessing, Tendai, Charity, Susan, Judith, Gladys, Rachel, Tabeth
Gladys is 36 years old and lives with her family in Masvingo. She has five children aged 4, 6, 9, 12 and 13; four of them are going to school. She has been selling clothes, shoes and kitchenware at the flea market for three years. Her husband helps her with her business, but she faces the challenge of inadequate capital to buy more goods for sale.

Gladys has applied for US $4OO to buy more stock for her business. With the additional income generated from her loan, she will be able to send her children to better schools and give them a good start in life. Her plan in the near future is to open a shop in town.

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
  • 0
    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 Hazvidi Hope Group's $4,000 loan helped a member to purchase more stock of clothes and kitchenware for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 3, 2011
Oct 28, 2011
Currency Exchange Loss:
May 18, 2012