From JEFF RUTT |
Microfinance provides hope to small-scale business owners. Unlike large companies, microenterprises have more potential to have a well-controlled corporate system because their size doesn’t promote many problems, operational challenges, and hectic diversification. Yehu Microfinance Trust, a Grameen Foundation program established in Kenya, is a major provider of micro-financial services to small-scale Kenyan entrepreneurs. Jeff Rutt agrees that this kind of economic aid will yield boons to a lot of African business owners, especially female entrepreneurs who are oftentimes culturally disregarded in the world of business.
From Scrapbook Photos |
Grameen Foundation established Yehu Microfinance Trust to make sure that well-run local groups reaching out to the poorest of the poor have access to the money they need to make loans and increase the number of people they serve. A particular success story, one from Charity Kulola, reveals that microfinance can open up a world of opportunity for business aspirants like her. Charity received her first loan of $64 from Yehu and opened a stall that sells coconuts in the coastal village of Chakareli. With her second loan of $128, she started to expand her business and added vegetables on her products list. Charity recently took out a loan of $102 to invest in a retail shop and to diversify her business.
From JEFF RUTT |
For more information about Jeff Rutt and his view on microfinance, visit www.hopeinternational.org.
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