Beatrice Y. is a divorced woman with five children, three of whom attend school while two are at home. She lives at a rental house that has neither electricity nor piped water. Her greatest monthly expenses are school fees, clothing and food for the family.
For the past four years, she has operated a charcoal selling business. She sells from home to her neighbors and passersby. Her major challenge is seasonality and the high cost of transportation. During rainy season the demand for charcoal is lower compared to the dry summer season.
She dreams of accessing bigger loans and purchasing a plot of land in the future.
With the KES 40,000 she wants to purchase sacks of charcoal for sale. She decided to join Yehu Microfinance to improve her living standards.
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.