Kivelyo J. M. is a single woman who has been operating her scrap metal business for one year. Her previous occupation was selling second hand clothes. Kivelyo sells at a shop to people within the town but she faces the challenge of thieves and seasonality. Kivelyo rents a house with electricity and piped water, citing rent as her greatest monthly expense. Kivelyo decided to join Yehu to get a loan with a low interest rate and to improve her living standard. With the Kshs 80,000 loan she is requesting, she would like to purchase more scrap metal and also to pay unskilled labor. In the future, Kivelyo would like to buy her own plot and to build a shop so as to minimize her rent expenses and to make more business profit.
About Yehu Microfinance Trust
This loan is administered by Yehu Microfinance Trust, which was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.