Ruramai is a 28 year old mother of two who is running a taxi business. Currently she has one car that services a route in town and is helping provide income for her family. She has been operating this taxi since 2012. Since the car is the only source of income it operates for long hours per day on the bad roads in Harare. Due to this fact the car needs changing of shocks and tyres more frequently than would be done under normal circumstances. For the taxi business to continue smoothly servicing of the car has to be more frequent too. Ruramai would like to use this loan to purchase spares as well as have the car undergo a major servicing. Her goals are to increase her fleet of cars and she is working on saving towards buying a second car by the end of the year. 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 goods.
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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.