Funded

Total loan: $925
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Daina

Kenya
Mukuru Nairobi, Kenya / Beauty Salon

A loan of $925 helped buy a hair dryer, beauty supplies and cosmetics.


Daina's story

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.



Loan details

Loan length:

15 months
Disbursed date: August 11, 2009

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: August 11, 2009