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Joice
Joice N. is 20 years old and lives in the town of Nansana in the Kampala east region of Uganda. She is single and has one child in school. Joice has had a business of selling phone airtime and phone charging for less than one year.

To help expand her business, Joice is requesting a loan of 150,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more airtime to sell and chargers to use. Joice plans to use the loan in order to purchase inventory she was lacking, and generate profit in order to help her child. In the future, Joice hopes to develop her business further.

Note to lenders: BRAC Uganda has recently begun posting a new loan product to Kiva which funds young entrepreneurs in BRAC’s Empowerment and Livelihood for Adolescents (ELA) program. This Kiva borrower is receiving a new ELA loan. The ELA program first provides disadvantaged adolescents, usually girls who are out of school, with livelihood training and financial literacy skills. Afterward, ELA participants can receive microfinance loans to expand their small businesses. These loans offer adolescents a unique chance to access finance at a young age and improve their prospects for the future, and target a segment of the population not typically served by traditional microfinance. Kiva is privileged to partner with BRAC Uganda in posting these new loans, and give Kiva lenders the opportunity to fund deserving young entrepreneurs and support a promising new sector in microfinance.

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

  • $1,800
    Average annual income
  • 291
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 2,225.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $75 helped Joice to buy more phone airtime.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2010
Listed
Aug 3, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2011