Emelda is a 21 year old single mother of one who sells second hand clothes for a living. She has been operating this venture since 2013. From the business Emelda is able to provide for her four year old child and pay for her rentals. The business is promising and there is demand for the clothes as people in Zimbabwe are looking to alternatives to expensive and cheap quality imports. She is now saving money so that her son can start school in 2015. Emelda would like to use this loan to purchase more bales of the clothes she sells, if she can buy at least two per month she can increase her revenue faster. Her goals are to increase her stock levels as well as getting licensing to sell from a shop and not from the streets like she is currently doing. 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.