Saumu is a married woman with three children, all of whom attend school. Her husband is a businessman and he contributes to the family's basic needs. She lives in a rental house with no electricity nor piped water. Her greatest monthly expense is school fees.
She has been operating her vegetable stall for the last eight years, selling at retail prices to local customers, especially neighbors and passersby. Saumu faces the major challenge of seasonality in her business. Her major aim is to become a shopkeeper in the future.
She decided to work with Yehu because of its easy policies and procedures. With the 30,000 KES loan she wants to purchase bananas, tomatoes and oranges to sell. She sells fried fish as another source of income.
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.