“When the history of African development is written, it will be clear that a turning point involved the empowerment of women.” – Sheryl Wudunn.
Several days ago I had the pleasure of meeting yet another mover and shaker in the micro finance industry. A man whose organization not only focuses on unshackling the community in the rural areas from poverty but also on empowering women in a patriarchal society. This inspiring man is none other than Adet Kachi, CEO of Yehu Microfinance Trust.
I had a one on one with Adet Kachi and this what he had to say;
Caroline: Hello Adet, tell me about Yehu Microfinance Trust.
Adet: Hello Caroline, well…
About Yehu Microfinance
Yehu is predominantly rural based. It is a unique organization that has been brave enough to operate against challenges of poor infrastructure, low literacy levels and a poor economic environment of its clientele.
The organization is currently focused on serving the low income rural entrepreneurs and especially women within the Coastal region but eventually we plan to serve the ntire country.
In the rural areas, locals have challenges with accessing resources. It is not easy to access capital. There is the problem of inadequate infrastructure.
The community especially the women are marginalized and it is difficult to receive financial help. The Coast area is usually a patriarchal society and usually it is the men who hold economic leadership and dictate financial decisions.
This is where Yehu Microfinance Trust comes in. We seek to enhance their livelihoods and our vision is to take kenyans further than their circumstances allow them.
That sounds challenging, is it?
Well, we do experience some challenges. For instance some of our borrowers request small amounts of funds, but no matter the amount, we aim to deliver to our clients.
We go to the clients directly so you find our loan officers experience difficulties accessing the rural areas because of the underdeveloped infrastructure. They use all means necessary, be it bodabodas (motorcycles) or walking.
Additionally, at times some unavoidable circumstances, for instance terrorist attacks affect the clientele’s business directly and indirectly but with our support they manage to bounce back and avoid majority of the negative impact. It does have its challenges, but serving the people is an exciting and inspiring experience.
I am very much pleased with our contribution to society. Being able to empower people to live their destinies is an opportunity that not everyone is fortunate enough to achieve.
We are thankful when we are able to empower women. By empowering a woman, you add value to the household. Kofi Annan once said, “There is no tool for development more effective than the empowerment of women.”
How do you operate?
We are mostly in Coast province; Lamu, Voi, Mombasa and its environs. We have opened a new office in Makueni and we are moving to rural areas outside of Coast Province.
Yehu was created based on the principles and procedures of the world-renowned Grameen Bank and has adopted the Grameen Group Methodology.
There are policies in place to ensure that our clients continue smoothly with us. Yehu tries to establish very strong relationships with our clients.
All groups have assigned leaders and our loan officers support and guide these leader in managing their groups. We meet regularly with the group leaders for guidance and to hear any grievances and/or challenges they might be experiencing. We also conduct business training for our clients.
How is your partnership with MYC4?
We are pleased with our partnership with MYC4. Our clients are satisfied with the MYC4 loans they receive. We are a team, when our clients have requests, we usually pass this on to our partner and we discuss and come with solutions that are favourable for all parties involved.
From my interview with Adet Kachi, I can tell he is a man of few words, but he makes the little he says count. It is also no secret that he is a well-respected, highly experienced professional in his field. He is intelligent, resourceful, organized and passionate about empowering people, especially women.
This is great news for Kenyan women and the rural community in general. Yehu Microfinance Trust is destined for greatness because you can never go wrong when you take an active role in bringing positive change to the world.