Philice is a single woman with two children, a boy and a girl. They all attend school. She lives at a rental house that has electricity and piped water. Her greatest monthly expenses are food, electricity, clothing and school fees.
For the past 6 years, she has operated a cereals business, selling in a shop and at the market to her neighbours and passersby. In addition she also makes natural fruit juice which she earns as her other source of income. She faces a major challenge of competition from other cereals operators in the market. She dreams of building her own shop in the future.
With the Kshs 40,000 she wants to purchase sacks of ground nuts and passion fruits, and to pay for transport charges. She decided to join Yehu to access loans to boost her business.
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.