Pedzisai has, for 14 years, run a retail shop, selling clothing items. He has three employees to assist him. Pedzisai's main challenge has been his inability to meet customers demands due to limited working capital.
Pedzisai has requested a $750 loan to buy clothing items for resale. He says that the profits generated from the loan will help pay school fees for his children and household expenses. In the future, Pedzisai, plans on opening his own clothing boutique.
About MicroKing FinanceMicroKing'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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
11View loans »