Last updated August 9, 2013

Partner Description:

Yehu Microfinance Trust was founded in 1998 as a project of CHOICE Humanitarian Kenya, a U.S.-based NGO. The program began by mobilizing member savings, and in 2000 started issuing loans.
 
In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to eight branches, covering Kilifi, Mombasa, Kwale and Taita Taveta County.
 
Yehu targets rural entrepreneurs in Kenya’s coastal province, with a keen focus on women. Yehu offers eleven existing “responsive” credit products through the Grameen group lending methodology. Yehu is developing three more loan products for those working in the bio-gas and dairy sectors, as well as an individual loan product.
 
To provide responsive financial services to clients in Kenya’s uncertain agriculture environment is an integral part of Yehu’s mission. The flexible features of these products help to mitigate particular challenges faced by the clients’ agricultural-based activities.
 
Yehu operates based on an innovative sub-branch organizational model. A sub-branch is defined by both geographical area and number of clients. In sub-branches, all planning and cost allocations are scaled down to the most basic levels. This allows for greater focus, control and tracking of the portfolio and financial indicators at the source of value creation.
 
Going forward, Yehu intends to develop a portfolio of renewable energy loans, adding solar panel loans to its bio-gas loan offerings. Yehu also seeks to to expand into Lamu County by next year, establishing new branches and sub-branches to meet the needs of clients in these areas.

Status Update - September 11, 2011
 
As part of an ongoing effort to fully migrate risk ratings to our new and enhanced risk rating system, Kiva has conducted a re-assessment of the level of risk posed by this institution.
 
During this re-assessment, our analysts were able to gather updated operational and financial information about the institution, as well as speak with key members of the staff. 
 
The information gathered during this process, together with the Kiva's new risk rating system and half-star support, has led us to revise Yehu's risk rating from 2 to 3 stars. The analysts have found that Yehu's risk variables, reviewed in the new risk rating model, were most representative of a 3-Star rating.
 
We have prepared a blog post with more information on Kiva's new and enhanced risk rating system, along with a chart showing the relative magnitude of the overall changes for Kiva's portfolio.
 
Yehu has been informed of our analysts’ findings and their corresponding change in rating.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Mar 30, 2010 Oct 12, 2005
Total Loans $5,263,825 $592,214,975
Amount of raised Inactive loans $250 $816,125
Number of raised Inactive loans 1 663
Amount of Paying Back Loans $1,491,675 $116,724,125
Number of Paying Back Loans 3,880 124,134
Amount of Ended Loans $3,771,900 $474,674,725
Number of Ended Loans 10,264 602,242
Delinquency Rate 0.00% 4.02%
Amount in Arrears $0 $3,026,567
Outstanding Portfolio $816,924 $75,221,618
Number of loanDelinquent 0 12,360
Default Rate 0.15% 1.13%
Amount of Ended Loans Defaulted $5,823 $5,345,663
Amount of Ended Loans $3,771,900 $474,674,725
Number of Ended Loans Defaulted 59 16,814
Currency Exchange Loss Rate 0.01% 0.09%
Amount of Currency Exchange Loss $645 $538,403
Refund Rate 0.09% 0.77%
Amount of Refunded Loans $4,750 $4,537,625
Number of Refunded Loans 8 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 85.18% 74.19%
Average Loan Size $372 $418
Average Individual Loan Size $372 $656
Average Group Loan Size $0 $1,828
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,800 $3,429
Average Loan Size / GDP per capita (PPP) 20.68% 12.20%
Average Time to Fund a Loan 5.13 days 5.6 days
Average Dollars Raised Per Day Per Loan $72.60 $74.62
  Average Loan Term 10.68 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,638 296,398
  Journaling Rate 37.30% 42.38%
  Average Number of Comments Per Journal 0.01 0.08
  Average Number of Recommendations Per Journal 0.01 1.87

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 43% PY 36.00% PY 33.27% PY
  Profitability (return on assets) 3.6% 0.5% -1.45%
  Average Loan Size (% of per capita income) 24.30% 56.00% 40.88%

Country Fast Facts

Field Partner Staff

A. Kachi
Adet Kachi
Faith Mamboleo
Gertrude Mary
Anita Mibey
Esther Muteti
Doreen Osoro
Willys Otieno
Joan Wabwire
Joan Wabwire
Elias Yaa