Mgele is a single man who lives in a rental house that has neither electricity nor piped-in water. His greatest monthly expenses are food and rent. For over one year, he has operated a barber shop, with neighbors and passersby as potential customers. His major challenge is seasonality in his business. He is requesting a loan for Kshs 30,000 to buy a shaving machine. He decided to join Yehu to access loans to boost his small company.
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.