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Unity Is Power Group
In this Group: Magret, Plagia, Maria, Magret, Marian, Mildred, Ratidzai
Magret is a 55-year-old married lady from Masvingo, Zimbabwe, with 3 children aged 35, 33 and 32 years. None of them are still at school. She has 3 dependents. She stays with her grandchildren.

She is in a retail business of buying and selling clothes, and she operates from her residence. She has been in the business for 15 years and does not have any employees working for her. High costs of duty at the point of entry, bad debts and high competition are some of the challenges she faces in the business.

She has requested a loan of $200 to buy some clothes for resale. With the income generated from this loan, Magret will be able to pay for the grandchildren she is staying with. In the next five years she is planning to have a boutique 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 Unity Is Power Group's $1,400 loan helped a member to buy a stock of clothes for resale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 12, 2012
Mar 29, 2012
Currency Exchange Loss:
Oct 19, 2012