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Masimba Group
In this Group: Ruth Linda, Tariro, Violet, Elizabeth
This is Ruth. She is 43 years old and a widow from Masvingo, Zimbabwe with three children aged 25, 21 and 19 years. In addition to her three children, Ruth also takes care of her sister's child who is still attending school.

Ruth is in the business of buying and selling clothes from her residence in Masvingo. She has been in business for 10 years with the help of her children, two of whom form the sales team while the other does the administrative work for her business. She has requested a loan in the amount of $400 to buy additional items of clothing for resale. With the profit generated from this loan she will be able to provide for her family. She says high competition in the market is the major challenge she faces in her business. Her vision in the next five years 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
  • 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 Masimba Group's $1,600 loan helped a member to buy clothes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 12, 2011
Jan 10, 2012
Currency Exchange Loss:
Aug 29, 2012