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Engels Group
In this Group: Loveness, Dainah, Edward, Ngonidzashe, Varaidzo, Progress, Fungai, Valeria
Loveness is a married woman aged 27, with two children aged eight and three both still at school. She has another source of income, which is the salary of her spouse, who is a technician at public works.

Loveness is running a variety of businesses that include tailoring, Clothes Selling and poultry. She is operating in Masvingo Central Business District and have been in operational for more than two years.

She says the challenges being faced are competition and some of her customers do not pay her on time when she sell her goods on credit. In five years, Loveness would like to operate her own shopping mall. With the income generated from this loan, she will improve her family's welfare and send her children to better schools.

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
  • 12
    View loans »
    Zimbabwe Loans Fundraising
  • $3,940,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Engels Group's $2,100 loan helped a member to buy Chicks and Feeds, fabric and Clothes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 18, 2011
Dec 13, 2011
Currency Exchange Loss:
Aug 29, 2012