This is Musa velutina, also known as, the hairy banana, and pink banana. If you are the impatient type, then this banana is for you. It blooms and fruits in its first year. The fruit on this plant is soft and sweet and it can be eaten although most people grow this banana as an ornamental plant. Growing up to about 6 feet tall, this plant likes to live in full sun to partial shade. The red blossoms bloom throughout the year. USDA Hardiness Zones 7b to 11.