Cosmos is a married man with six school-going children. His wife is a business woman who contributes to the provision of the family's basic needs. He owns a house with neither electricity nor piped water. His greatest monthly expense is school fees for his children.
Cosmos has operated a retail shop for the past four years. In addition, he also runs a motorcycle transportation business. His potential clients are his friends, neighbors and passers-by. He faces a major challenge of seasonality. He dreams of expanding his shop to a wholesale shop in the future.
With this loan for Kshs 60,000, Cosmos wants to purchase bags of sugar and maize flour for his shop. He decided to join Yehu Microfinance because they charge low interest charges.
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.