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Daina
Daina is a 36-year-old mother of five who owns a beauty salon in the Pipeline area of Nairobi. In her seven years as a Faulu client, she has successfully repaid 10 loans. She is now applying for a loan of $925 to buy a hair dryer, various beauty supplies and cosmetics. Daina also runs a small grocery store near her salon, where she sells vegetables and charcoal. She will also use part of the loan to buy additional charcoal to sell. She hopes to one day start a beauty school, and become a charcoal wholesaler.

Since becoming a client of Faulu, Daina has not only expanded her business, but has also purchased a plot of land outside the city, and paid her children's school fees. In the future, she wants her family to have better living standards, including good meals, good health and a good education. Daina describes herself as hard-working, patient and determined.

Faulu Kenya aims to empower Kenyans by providing relevant financial solutions. Faulu is a sustainable and profitable microfinance institution that offers savings and credit services to over 225,000 Kenyans. It recently became the first MFI in Kenya to be licensed as a Deposit Taking Micro-Finance Company, which will enable Faulu to better serve its clients.

Additional Information

About Faulu Kenya

Faulu Kenya aims to empower Kenyans by providing relevant financial solutions. Faulu is a sustainable and profitable microfinance institution that offers savings and credit services to over 225,000 Kenyans. Faulu recently became the first MFI in Kenya to be licensed as a Deposit-Taking Micro-Finance Company, which will enable Faulu to better serve its clients.

About Kenya

  • $1,800
    Average annual income
  • 956
    View loans »
    Kenya Loans Fundraising
  • $41,060,325
    Funds lent in using Kiva
  • 76.5
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Daina buy a hair dryer, beauty supplies and cosmetics.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 11, 2009
Listed
Aug 13, 2009
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010