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Augustine
B. Augustine is a creative businessman who is 52 years old, married and has three children, two of whom are still in school. Since 1997, he has made a living running a bakery, and sells his goods both wholesale and retail. He has applied for a loan to buy more equipment to bake cakes, make donuts and expand his business. His long-term goal is to make his bakery as modern as possible, which he describes as operating efficiently and profitably, and able to make many kinds of cakes and breads.

Additional Information

About BRAC Uganda

This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.

About Uganda

  • $1,500
    Average annual income
  • 141
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,119.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Augustine to buy more equipment to bake cakes, donuts and other items.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 1, 2010
Listed
May 4, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011