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Update on Cornel

Cornel is a hairdresser who had previously requested a loan of 50,000 KES which she used to buy a blow drier and hair drier. This helped her to serve her customers more conveniently. She grew her clientele because of her good services.

With the additional profits from her business, she opened a hairdressing training college. She opened this training college with the aim of training more youths into the beauty industry. She is now requesting 74,013.75 KES to add a student classroom.

Previous Loan Details

Cornel is forty-two years old, married, with three children. She runs a beauty salon to earn a living. She has been in the business for twelve years and employs three people. Since she joined Faulu Kenya, she has been able to grow her business and hopes to expand her business in the future. S... More from Cornel's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Kenya

  • $1,800
    Average annual income
  • 720
    View loans »
    Kenya Loans Fundraising
  • $43,788,975
    Funds lent in using Kiva
  • 85.7
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Cornel to add a classroom.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 5, 2012
Nov 21, 2012
Currency Exchange Loss:
Dec 19, 2013
This photo was used before for a previous loan for Cornel. It was first posted on Kiva on Mar, 2012. Learn More