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Mssj Group
In this Group: Jane, Stephen, Sybl, Ellina, Judith, Millicent, Florence, Selma
Jane is a 38-year-old lady and is widowed. She has two children age 17 and 14 years, and they both go to school. She has another dependent who is her sister's child who stays with her. She also receives her late husband's pension from ZESA, the electricity supply company.

She has been in business for nine years and rents a shop in Mucheke. She buys her products from South Africa. She has three employees that work for her.

She faces a challenge of exchange rate disparity. In the next five years she would like to own her own premises to operate from. As a single parent she would be able to provide a better life for her family from the profits of the business.

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
  • 13
    View loans »
    Zimbabwe Loans Fundraising
  • $3,935,525
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Mssj Group's $2,450 loan helped a member to buy hair weaves and hair chemicals.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 26, 2011
Nov 12, 2011
Currency Exchange Loss:
Jun 30, 2012