For the past five years he has operated a fruit selling business, selling at the market to his neighbors and passersby. Mohamed faces a major challenge of seasonality in his business. He dreams of expanding his business in the future.
Mohamed is applying for our Sikukuu product which was launched for the Muslims celebration. With the loan of 10,000 Kenyan shillings (KES) he wants to purchase wheat flour, maize flour, sugar and detergents for personal use. He decided to join Yehu to access loans to boost his business.
About Yehu Microfinance TrustThis 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid