A loan of $2,000 helped a member to purchase a wire runner, a second wire making machine, and protective items for the group.

Marenje Wire Group's story

This group was trained in 2011 by PENYA and was supported with a start up kit for wire making after they realized that local farmers were traveling long distances to buy wire for fencing their plots. The business is doing well but the demand for their wire exceeds their supply capacity. Their goal is to expand their business by supplying wire to farmers from the nearby wards for fencing purposes.

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 produce.

In this group: Simbarashe , Obrien , Memory , Norman

Loan details

Lenders and lending teams

Loan details