Gilbert has been operating his vehicle repair and hardware shop for the past year. He is married with five children who all attend school. With the Kshs 40,000 he wants to purchase new pedals, motorcycle tyres, rings and bicycle spokes for his shop. Gilbert’s other source of income is from his motorbike (boda boda) hire business.
The major challenge in his business is seasonality. He hopes to expand his business by adding more stock to his hardware shop. Gilbert joined Yehu to get a loan to develop financially and improve his standard of living.
Gilbert owns a home with no electricity and no piped water. His greatest monthly expense is school fees.
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.