Based in Nairobi, Kenya, Jamii Bora is a microfinance institution -- one of the largest and fastest growing in the country -- that started out specifically as a way to deal with urban housing.
"Started as a club of fifty beggars in 1999, Jamii Bora Trust is the largest microfinance institute in Kenya and has more than 170,000 members. Its mission: to assist members to get out of poverty," writes the Acumen Fund on the organization. "Jamii Bora Trust works in slums throughout Kenya, providing access to critical services such as affordable housing and education and offering a support network to enable economic self-empowerment."
Fusing technology, innovation and community, Jamii Bora repaid Acumen on its investment by 2007.
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