Applying for KIVA loans in Zimbabwe
kivaloanKIVA is a person-to-person lending organization whose mission is to connect people through lending for the sake of alleviating poverty These are loans tofinance the day-to-day operational requirements of any business that meets our qualifying criteria. Loans are advanced to individuals or groups. In Zimbabwe, Micro King offers KIVA loans.
For groups all members must be in cohesive groups with 3 to 5 members per group. Each member must own and have operated the business for at least 12 months, 6 months of which must have been at the same location
All group members must receive group training from MicroKing before borrowing.
Our Kiva loans enable you to:
Purchase stock (finished goods and raw materials)
Purchase small operating tools and
Pay for day to day operating expenses (wages, business bills, such as water electricity, licenses etc.)
Repayments are on a monthly basis
Maximum loan term is 24 months
Disbursement and Repayment
For your safety and convenience, all loans are transferred into your Kingdom Bank Account and all loan instalments due will be deducted from this same account. The account can be used for any other business transactions.
For more information on how you can be assisted, kindly contact your nearest MicroKing Branch