They intend to use this loan to purchase a drip kit, seedlings and fertilizers as well to construct a mushroom growing house. From the proceeds of the first crop under drip irrigation, they intend to purchase mushroom spores and increase the area of their cropping under drip irrigation. The group plans to increase the area under drip irrigation from 250 to 750 square meters, by purchasing more drip kits over the next two cropping cycles (six to eight months from now). With the introduction of mushroom production into their business, they aim to supply the local market as well as food outlets. They also would like to use the proceeds from their business to build their own houses so that when they start their own families they are staying on the same homesteads with their parents or relatives.
Simelukuthula (the group leader) is a young woman aged 26 and has twin children, a girl and a boy, aged two. She currently stays on her own as her husband migrated to South Africa in search for employment. However, since he migrated a year ago, he has struggled to find permanent employment and has therefore been unable to send any money to support the children he left behind. Simelukuthula has thus been engaged in trading a variety of trinkets from which she raises money to take care of her children. With proceeds from this loan, it is her hope that her income will increase and she will save to purchase household assets and build her own house.
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 of 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.
More information about this loan
About Practical Empowerment and Networking Youth AssociationPractical 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.
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