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Shine On Group
In this Group: Ruth, Phyllis, Nyasha G, Chenai, Rudo E
This is 57-year-old Ruth from Harare. She is married and has two children, 25 and 30 years old. Ruth is engaged in cross-border trading, mainly buying groceries from neighboring countries for resale. The business has been in operation for 21 years. The main challenge in this business is stiff competition, as well as obtaining space for a shop in town. Ruth has applied for a loan of $1,000 as her part of this group loan, to buy more groceries and kitchenware for resale. She says the extra income generated as a result of this loan will allow her to increase her family’s family cash flow and improve their quality of life. In five years’ time, Ruth sees herself owning a grocery store in town that is fully stocked.

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
  • 2
    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 Shine On Group's $5,000 loan helped a member to buy groceries for resale.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Feb 25, 2013
Mar 26, 2013
Currency Exchange Loss:
Oct 18, 2013