Last updated May 15, 2013

Partner Description:

Practical Empowerment and Networking Youth Association (P.E.N.Y.A.) is a youth-centered non-governmental organization founded and operated by young people 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.

Zimbabwe has a population over 13 million people, and formal employment there has been declining since the 1980s. The unemployment rate is estimated at over 80% with a poverty rate of approximately 68%.

P.E.N.Y.A. works in Zimbabwe at the grassroots level in the Harare, Chegutu and Goromonzi districts. To date, the organization has trained approximately 300 youth through its ‘Start and Improve Your Business’ program, assisted 300 youth with microloans, and formed 36 School Health Clubs.

Kiva lenders’ funds will act as a catalyst to boost the organization’s impact and enable it to operate as a commercial entity. With Kiva financing, the organization will be able to reach out to more youth and provide loans to start and expand youth businesses.

A unique lending approach:

The major economic activities undertaken by youth in Zimbabwe are agribusiness and informal trading. The remainder of youth are engaged in the mining, service and textile industries. Lack of skills and knowledge are key inhibiting factors for Zimbabwe’s youth, who face challenges in accessing vocational training and other education due to lack of money, failure to meet the academic entry requirements, absence of training schools in some districts, and poorly equipped training institutions.


Kiva lenders’ funds will support Rural Youth Groups to obtain equipment to set up drip irrigation systems and bio-digesters for their horticulture businesses. The loans will be payable over six months with repayments only due after the first harvest. The clients will be be responsible for carrying out the entrepreneurial activities, but will receive training and support throughout the development of their businesses.

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.

Image courtesy of P.E.N.Y.A.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 5, 2013 Oct 12, 2005
Total Loans $48,650 $582,146,150
Amount of raised Inactive loans $0 $415,000
Number of raised Inactive loans 0 382
Amount of Paying Back Loans $24,750 $116,344,325
Number of Paying Back Loans 19 122,618
Amount of Ended Loans $23,900 $465,386,825
Number of Ended Loans 12 591,866
Delinquency Rate 4.52% 3.78%
Amount in Arrears $900 $2,849,683
Outstanding Portfolio $19,933 $75,381,279
Number of loanDelinquent 1 11,821
Default Rate 29.71% 1.15%
Amount of Ended Loans Defaulted $7,100 $5,334,794
Amount of Ended Loans $23,900 $465,386,825
Number of Ended Loans Defaulted 3 16,796
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $479,128
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,225
Number of Refunded Loans 0 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 59.38% 74.17%
Average Loan Size $676 $418
Average Individual Loan Size $1,183 $656
Average Group Loan Size $2,273 $1,827
Average number of borrowers per group 4.7 8
Average GDP per capita (PPP) in local country $400 $3,434
Average Loan Size / GDP per capita (PPP) 168.92% 12.18%
Average Time to Fund a Loan 1.22 days 5.55 days
Average Dollars Raised Per Day Per Loan $552.80 $75.36
  Average Loan Term 8.88 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 39 291,158
  Journaling Rate 100.00% 42.39%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 31% APR 59.00% PY 33.64% PY
  Profitability (return on assets) N/A N/A -1.40%
  Average Loan Size (% of per capita income) N/A 138.00% 41.35%

Country Fast Facts

Field Partner Staff

Hillary Musarurwa