Samuel is a married man with five children, all of whom attend school. He lives at a house that they own; it has electricity but does not have piped water. His greatest monthly expenses are food and school fees for the family.
For the past 10 years, Samuel has operated a retail shop business, selling to his neighbours and passersby. He faces the major challenge of seasonality in his business. During the months from January to August, demand for goods is higher hence he is able to make more profits in his business.
With the Kshs 40,000 loan, Samuel wants to purchase wheat flour, maize flour and sugar for sale. He decided to join Yehu to access loans to boost his business.
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.