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Greetings from Zimbabwe! This is 55-year-old Sipho from Bulawayo. She is married and has four children.

Sipho runs a retail business in town. She sells footwear and clothing items for children and adults. The business has been in operation for over four years. She says the main challenges she faces are competition from bigger retailers, lack of capital and high import duties.

Sipho has requested a loan of $500 to buy shoes and clothes for resale. She says the extra income generated as a result of this loan will allow her to supplement her spouse's income and enable her to buy food and pay rent and school fees for the children in school.

In the future Sipho plans to open a clothes boutique and other stalls around 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.

About Zimbabwe

  • $2,000
    Average annual income
  • 3
    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 $500 helped Sipho to buy shoes and clothes for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 7, 2013
Jul 11, 2013
Currency Exchange Loss:
Jun 17, 2014