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Update on Damaris

Damaris is a business-lady who runs a beauty salon. Her husband runs a taxi business. She used her previous loan of 50,000 Kenyan shillings to buy a hair dryer. Since then, she has been able to provide her services more efficiently. She has also added one employee to assist her in her business.

Damaris has requested a loan of 50,000 Kenyan shillings to buy a hair blow dryer and chairs.

Previous Loan Details

Damaris is a 30-year-old mother of three. She has been operating a salon for three years and has managed to employ two people in her business. She also relies on her husband for financial support. She hopes to open a big beauty parlor in the future. She needs a loan of 20,000 KES to buy a hair dr... More from Damaris'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
  • 368
    View loans »
    Kenya Loans Fundraising
  • $50,260,575
    Funds lent in using Kiva
  • 97.3
    Kenya Shillings (KES) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Damaris to buy a hair blow dryer and chairs.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 2, 2011
Nov 12, 2011
Currency Exchange Loss:
Jan 17, 2013
This photo was used before for a previous loan for Damaris. It was first posted on Kiva on Dec, 2010. Learn More