Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

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 $7,006,550 $843,277,725
Amount of raised Inactive loans $0 $460,225
Number of raised Inactive loans 0 247
Amount of Paying Back Loans $913,275 $136,762,950
Number of Paying Back Loans 3,079 165,132
Amount of Ended Loans $6,093,275 $706,054,550
Number of Ended Loans 16,341 874,085
Delinquency Rate 0.00% 8.23%
Amount in Arrears $0 $7,326,599
Outstanding Portfolio $519,992 $89,018,962
Number of Loans Delinquent 0 23,314
Default Rate 0.10% 1.30%
Amount of Ended Loans Defaulted $5,823 $9,151,119
Amount of Ended Loans $6,093,275 $706,054,550
Number of Ended Loans Defaulted 59 23,834
Currency Exchange Loss Rate 0.18% 0.42%
Amount of Currency Exchange Loss $12,557 $3,556,056
Refund Rate 0.08% 0.64%
Amount of Refunded Loans $5,850 $5,415,225
Number of Refunded Loans 10 5,725

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 88.79% 74.78%
Average Loan Size $361 $408
Average Individual Loan Size $361 $643
Average Group Loan Size $0 $1,815
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $1,800 $5,942
Average Loan Size / GDP per capita (PPP) 20.05% 6.87%
Average Time to Fund a Loan 6.85 days 6.87 days
Average Dollars Raised Per Day Per Loan $52.72 $59.48
  Average Loan Term 11.09 months 11.01 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4,983 419,334
  Journaling Rate 27.44% 40.75%
  Average Number of Comments Per Journal 0.01 0.06
  Average Number of Recommendations Per Journal 0.01 1.34

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 32% PY 36.00% PY 27.66% PY
  Profitability (return on assets) 5.41% 0.5% -0.27%
  Average Loan Size (% of per capita income) 24.30% 56.00% 19.46%

Country Fast Facts

Field Partner Staff

Adet Kachi
Doreen Kwamboka
Faith Mamboleo
Gertrude Mary
Doreen Kwamboka Momanyi
Virginia Musyoka
Doreen Osoro