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Greetings from Zimbabwe! This is 32-year-old Qiniso from Bulawayo. She is single and has two children, one attending school.

Qiniso runs a retail business selling clothes and footwear for both children and adults. The business has been in operation for four years. She says the main challenges are lack of working capital and competition from larger retailers.

Qiniso has requested a loan of $500 to purchase more stock for the coming winter season. She says the extra income generated as a result of this loan will allow her to pay school fees and cover other household expenses. In the future Qiniso plans to open a boutique.

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
  • 10
    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 loan of $500 helped Qiniso to purchase more trading stock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 16, 2013
May 19, 2013
Currency Exchange Loss:
Nov 19, 2013