Lydia is a 34-year-old woman and a mother of two children, a girl and a boy, aged ten and five. She currently stays on her own as her husband migrated to South Africa in search of 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. Lydia has thus been engaged in cross-border trading to raise 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 money to purchase household assets and for her children’s education.
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 connections with extension workers and some buyers, PENYA borrowers have access to further training in the production and selling of their products.
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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.