Yehu Microfinance Trust

Mission:

To economically empower the low income entrepreneurs through enhanced accessibility to sustainable financial services

Background and Main Challenges:

Yehu Microfinance Trust started out as a project of the NGO Choice Humanitarian Kenya under the name Yehu Enterprise
Support Services in 1998 and was independently registered as a Trust as of July 31, 2007. Yehu began its operations with the organizing of women’s groups and facilitating ... Read more

Address:

PO Box 82120

Mombasa

80100

Kenya

Phone:

+254 041 222 8632

Email:

yehumfi [at] africaonline [dot] co [dot] ke

Website:

www.yehu.org

Main Funding Sources:

Loans

Products and Services:

Loans

Services Provided:

Health

Education

Looking for (Investment Types):

Donations

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 2000

FYE:

31-Dec

Current Legal Status:

NGO

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Clients living in rural areas	1
Women	1
+ Development goals (ranked by importance)
Poverty reduction	1
+ Poverty targets
+ Governance
Has trained members of its board on social performance management
Has a formal board committee that monitors social performance
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises	1
Microcredit for household needs/consumption	1
Loans for agriculture	1
Loans for education	1
Housing loans	1
Other credit products offered:	1
Int ps offerothercreditloanstext c	Health
+ Savings products offered
Compulsory savings accounts (cash collateral)
+ Compulsory insurance products required
+ Voluntary insurance products offered
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
+ Education services offered
+ Health services offered
+ Women's empowerment services offered
Leadership training for women	1
+ Products and services targeting the poor
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
+ Cost of services to clients
Flat interest method
+ Social responsibility to staff
+ Human resources
Benefits (medical insurance, pension contribution)
+ Basis of staff incentives related to social performance
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
AMFI Kenya	Network Affiliation
Crystal Clear Software, Ltd.	Vendor
Grameen Foundation	Network Affiliation
Kiva	Funding
Planet Rating	Rating
Unitus	Network Affiliation