Erick is a married man with an eight-month-old son. His wife runs a vegetable stall and she contributes to the family's basic needs. He has been operating his business of cultivating maize and selling it at a profit for the last four years. Erick sells at the market and from home to neighbors and passersby. In addition he has motorcycle for transport, contributing to his other sources of income.
With this 40,000 kenya shilling loan, he wants to expand his farm and buy a pumping machine for irrigation. Erick faces the major challenge of seasonality and transportation in his business. He hopes to buy his own plot of land and build rental houses in future. He decided to work with Yehu so as to access loans and improve his living standard. Erick owns a house, with no electricity nor piped water. His greatest monthly expenses are food, medication and clothing.
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.