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Greetings from Zimbabwe! This is 32-year-old Ilene from Harare. She is married and has two children, one of whom attends school. Ilene runs a retail business selling chemicals, batteries and stationary. The business has been in operation for five years. She says the main challenge she faces is the lack of capital. Ilene has requested a loan of $800 to buy more chemicals, batteries and stationary for resale. She says the extra income generated as a result of this loan will allow her to finish roofing her house. Ilene is currently operating her business from rented premises and plans to have her own premise.

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.

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 loan of $800 helped Ilene to buy more chemicals, batteries and stationary.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Apr 25, 2013
May 28, 2013
Currency Exchange Loss:
Dec 31, 2013