Mike is a single man who lives in a rental house that has electricity and piped water. His greatest monthly expense is house rent.
He has been operating M-pesa (mobile money transfer services) for the last year. His potential customers are the town dwellers and passersby. Mike faces the major challenge of competition because of the many shops with similar products. Mike hopes to open at least three more mobile money transfer shops.
With the Kshs 20,000, he wants to purchase airtime scratch cards and purchase a photocopier machine. He decided to join Yehu because of its good reputation in the community.
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.