Abie is 34 years old and a mother of two (with the eldest in secondary school and at the top of his class). She has been running an interior decor manufacturing business since 2002. She was involved in a near fatal accident in December 2012 that left her hospitalised for 3 months and bed ridden for even longer. The accident affected her business as she had to sell one of her machines to pay for her hospital fees.
Abie would like to use this loan to restock fabrics as well as replace the sewing machine she sold. Her goals are to increase her sales revenue and open a shop outlet, as well as see her first child through university.
PENYA assists borrowers with entrepreneurial skills training through the Start and Improve Your Business (SIYB) Program. PENYA also helps them form Village Savings and Loans Associations where they save proceeds from their businesses that will then become the future sources for additional loans and business investments. Finally, PENYA carries out mentoring and monitoring visits to ensure that the businesses are being run viably. Through linkages created with extension workers and some buyers, PENYA borrowers have access to further training in the production and selling of their produce.
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About Practical Empowerment and Networking Youth Association
Practical Empowerment and Networking Youth Association (P.E.N.Y.A) is a youth-centered non-governmental organization founded and operated by youth since 2008. It works to address socio-economic challenges faced by youth in Zimbabwe by creating partnerships with them, their families, community organizations and government. Additionally, it empowers them through entrepreneurial skills training, savings group formation, support for youth businesses and small business management advice.
P.E.N.Y.A joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.