Funded

Total loan: $250
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Mwashamba

Kenya
Msambweni, Kenya / Food Production/Sales

A loan of $250 helped to buy raw materials, such as cooking oil, cereals, and tubers.


Mwashamba's story

Mwashamba, 37, lives in Msambweni and has a family business preparing food, such as fried food and fast food. She is gradually making progress attracting customers, mainly in the neighbouring community. Now she is applying for her first loan because she needs to grow and to do that she needs to find suppliers from whom she can buy in volume and on a cash basis, as they offer a better price. This is the reason for this Kiva loan, the fourth loan that she has taken from Yehu Microfinance Trust. She will use this loan to buy raw materials, such as cooking oil, cereals, and tubers. Her investment will be successful because she will get discounts that will increase her profits right away and also benefit her customers. Her goal for the future is to have her own place where she can operate a big restaurant, offering a variety of dishes that are specialties of the region. While she works to achieve her dreams, she will manage a 15-day rotation of accounts receivable, and her inventory turnover will be every 2 days; these are the financial indicators from which she projects her growth.



Loan details

Loan length:

11 months
Disbursed date: June 8, 2012
Facilitated by Field Partner: Yehu Microfinance Trust

Lenders and lending teams



Loan details

Loan length:

11 months
Disbursed date: June 8, 2012
Facilitated by Field Partner: Yehu Microfinance Trust