Richard is a 27-year-old single man. Richard operates a laundry and sells his goods in a shop. He's worked in this business for five years and was previously employed as a farmer. His primary customers are residents. He describes his greatest business challenge as seasonality and his highest monthly expense is food. He owns a house that has neither electricity nor piped water.
Richard will use the KES 25,000 loan to purchase a washing machine and detergents. Richard aspires to open a big shop in the future. He joined Yehu because of its flexible policies that favor customers' needs.
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.