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Matapiri Group
In this Group: Victor , Benjamin , Moven , Obey, Admire , Norman , Edson
After being trained by PENYA this group identified potato growing as the project they would like to venture into. This group is made up of 7 energetic young men who are all self-employed and rely on farming to earn a living. They plan to use the loan to increase their current potato crop hectarage and also put up a drip irrigation kit.
Their goals are to increase the hectarage under potato crops to at least 5 hectares as they gain more knowledge and skill.

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.

Additional Information

More information about this loan


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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Zimbabwe

  • $2,000
    Average annual income
  • 1
    View loans »
    Zimbabwe Loans Fundraising
  • $3,458,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Matapiri Group's $3,000 loan helped a member to install a drip irrigation kit and buy potato seedlings for 1 hectare.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jul 15, 2013
Listed
Jun 5, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014