Nancy is married and has one child who attends school. She lives in a rental house that has electricity and piped water. Her greatest monthly expenses are rent and school fees.
Nancy has operated a cloth-selling business for over two years, selling from door to door to her neighbours. With her KES 40,000 loan, she wants to purchase ladies’ clothes, children’s clothes and handbags to sell. She faces a major challenge in delayed payments by creditors who purchase clothes on credit.
Nancy decided to join Yehu because of its minimal collateral and easy accessibility to sustainable services. She hopes to open a cosmetics shop in the future.
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.