| Brief description | t was founded in 1998 as a project of CHOICE Humanitarian Kenya, a U.S.-based NGO. The program began by mobilizing member savings, and in 2000 started issuing loans.
Yehu also offers free Business Skill Training which is aimed at improving the capacity of the clients in managing their businesses and increasing their income. This service is offered in three levels (determined by client loan cycle and size of business) beginning with general business skills and how to lay a proper foundation for a successful business enterprise. |
| Product | |
| Brief description | This is a product for helping our current and prospective clients meet the working capital needs of their businesses and also acquire asset for the purpose of operating and expanding businesses. |
| Interest rate | 19% Interest Rate |
| Collateral | |
| Grace period | 4 weeks |
| Duration | Payments: Bi-Weekly |
| Ceiling amount | 1st Cycle 5,000-30,000 (3-12 Months) 2nd Cycle 30,001-50,000 (3-12 Months) 3rd Cycle 50,001-80,000 (3-15 Months) 4th Cycle 80,001-120,000 (6-18 Months) 5th Cycle 120,001-200,000 (9-18 Months) 6th Cycle 200,001-300,000 (12-24 Moths) 7th Cycle 300,001-420,000 (12-30 Months) 8th Cycle 420,001-600,000 (12-30 Months) 9th Cycle 600,001- 800,000 (12-30 Months) 10th Cycle 800,001-1,000,000( 12-36 Months) |
| Requirements | 15% Savings for loans up to Kshs.30, 000 10% savings for loans above Kshs.30, 000 |
| Product | Boresha Biashara Loan |
| Brief description | This is a facility targeted at the individuals with a performing business who do not fit the group model due to the demand of the business in the socio-economically marginalized rural Kenya. Boresha Biashara Loan is used to finance clients to assist them boost their business with working stock or to increase capital. One can qualify for amounts as low as ksh 100,000 with a maximum repayment period of 36 months |
| Interest rate | 19% Interest Rate |
| Collateral | - Minimum value of 150% of the loan amount (valuation template to be attached).
- Plots with rental houses and proof of rental income.
- Chattel Mortgage on Business assets especially machinery.
- Motor vehicle log books with transfer letters duly signed
- Title deeds or authentic letters of allotment.
- Share Certificates (for listed company/CDS statement (75% value of the shares).
- Yehu Members Association Share certificates are acceptable.
- Two guarantors – One of the guarantors must be Yehu existing client who made the referral and the member must have been in Yehu for at least Two Years.
- Asset Value Rate apply to be determined by YEHU
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| Grace period | One month |
| Duration | Payment done on a monthly basis |
| Ceiling amount | The repayment period ranges from 6-36 Months. The loan size ranges between Kshs. 100,000 to Kshs. 2,000,000. Boresha clients can access loans of more than 2,000,000 on Reducing balance interest rate of 17.5% |
| Product | Agri-Cereals |
| Brief description | This product is meant to carter for farmer’s cereals farming needs such as purchase of inputs, certified seeds, labor, ploughing, storage costs etc. |
| Interest rate | 19% Interest Rate |
| Grace period | 3 months depending on agriculture activity, interest payment during grace period. |
| Duration | Payments made Bi weekly /Monthly |
| Requirements | Loan application fee of Ksh.500 or 1.5% of loan amount whichever is more Emergency fund of 1.5% of loan amount 15% Savings for all loans |
| Product | Maji ni Uhai |
| Brief description | Product aimed to assist the targeted clients to have uninterrupted sustainable supply of clean water for domestic and commercial use in a cost effective way so as to allow optimal disposable time for running of micro businesses with aim of realizing maximum profits. It involves durable water tanks (both underground and storage tanks), piping, water harvesting infrastructure, water pans and plumbing works. Read more |
| Features | - Free delivery to client’s premises
- Lowest interest rates
- Flexible repayment period
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| Product | Elimu Loan |
| Brief description | This is tailored to mitigate the challenges of school fees among Yehu client’s thus releases pressure on the parent and allows him/her to continue with his/her business undisturbed. |
| Features | - Faster processing
- Very minimal processing requirements
- Affordable interest rate
- Loan issued in form of a cheque written directly to the school.
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| Product | Mabati Loan |
| Brief description | The loan is aimed to improve the housing condition of the clients as well as enhance clean water harvesting in areas faced with acute water problems. Through a renowned supplier, we provide iron sheets, gutters, roofing nails and labor charges to enable roofing of the house. |
| Features | - Free delivery to client’s premises
- Affordable interest rates
- Flexible repayment period
- Wide range of Mabati products
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| Product | Emergency Loan |
| Brief description | This is intended to assist clients meet incidental needs in their businesses and family. The loss could have occurred through theft and fire outbreak, business machine breakdown, death of livestock that are for business purpose and Payment of Hospital bill that is beyond the capacity of the client to pay. |
| Features | - Loan processing within 24 hours
- Simple application procedures
- Affordable interest rates
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| Product | Top Up Loan |
| Brief description | This is an additional amount given to clients with existing business loans. The loan is aimed at boosting clients in their business which may have gone down due to varying business environments. |
| Features | - Simple processing requirements
- Affordable interest rates
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| Product | Siku kuu Loan |
| Brief description | The product is offered with the purpose of meeting the client’s social and religious needs. These occasions include economic, social and religious celebrations that fall on any time of the year. |
| Features | - Affordable interest rates
- Flexible repayment period up to 12 months.
- Fast loan processing
- Access to follow up loan for another festival same year upon clearance of the existing loan
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| Product | Meat Goat Loan/ Poultry loan |
| | Provides working capital to buy livestock (live goats), fatten them and resell in the market. also provides working capital to purchase chicks, feeding equipment, medicine and other accessories. |
| | - Affordable interest rates
- Flexible repayment period
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| Product | Graduate individual Loans |
| Brief description | Individual loan product is tailored for group clients with good record who want to borrow loans individually. |
| Features | - Minimum amount of Kshs.100,000 and a maximum of Kshs. 1 Million.
- Flexible repayment frequency for a period of upto 3 years.
- Fast loan processing.
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| Product | Green Energy |
| Brief description | This is particularly for purchasing of Solar Panels, Bulbs, Inverters and other accessories to enable clients' get affordable green energy to light up their houses and businesses. |
| Features | - Flexible repayment period
- Fast loan processing
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| Product | Dairy Loan |
| Brief description | The loan is for the purpose of enabling dairy farmers to purchase dairy animals and equipment required in dairy farming for sustainable production of milk. This include purchase of good breed cow, cow shed/pen construction, seeds for pasture, working capital etc |
| Interest rate | 19% Interest Rate |
| Grace period | 3 months for dairy cow with interest payment during the grace period. |
| Duration | Payments made Biweekly/Monthly |
| Requirements | - 15% Savings for loans up to Kshs.100, 000
- 10% savings for loans above Kshs.100, 000 Compulsory monthly savings of Ksh.400
- Loan application fee Ksh.500 or 1.5% of loan amount whichever is more, emergency fund 1.5% of loan amount
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