We leverage mobile to provide credit and financial education to women and adolescent girls who own micro-enterprises in Africa. We aim to help women-owned businesses in Kenya grow by offering personalized advice and access to a suite of financial and informational services.
Our customers are members of locally registered groups of between 10-25 members based on their business type (mostly common business type in close proximity). These are formal groups that meet often and are run by elected officials. The loan products are issued to individuals but membership and continued participation in the registered groups is a prerequisite. The inherent peer-to-peer pressure amongst members’ drive loan repayment and is key to building a robust business ecosystem in underserved markets. Adolescent girls and younger women access adequate mentorship as members share their business experiences during meetings.

https://cherehani.org/

• Kenya

• Women

E-business