Mwashamba, 37, lives in Msambweni and has a family business preparing food, such as fried food and fast food. She is gradually making progress attracting customers, mainly in the neighbouring community. Now she is applying for her first loan because she needs to grow and to do that she needs to find suppliers from whom she can buy in volume and on a cash basis, as they offer a better price. This is the reason for this Kiva loan, the fourth loan that she has taken from Yehu Microfinance Trust. She will use this loan to buy raw materials, such as cooking oil, cereals, and tubers. Her investment will be successful because she will get discounts that will increase her profits right away and also benefit her customers. Her goal for the future is to have her own place where she can operate a big restaurant, offering a variety of dishes that are specialties of the region. While she works to achieve her dreams, she will manage a 15-day rotation of accounts receivable, and her inventory turnover will be every 2 days; these are the financial indicators from which she projects her growth.
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.