A loan of $100 helped to buy charcoal and more food (matooke).

Faridah's story

N. Faridah is 20 years old and lives in the town of Mukono in the Mukono region of Uganda. She is married and has two children. One of her children is currently in school. Faridah has had a business selling food like matooke for three years.

To help expand her business, Faridah has requested a loan of 200,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase charcoal and more food. With the help of the loan from BRAC, Faridah hopes to generate greater profits and to buy food and clothes. In the future, Faridah hopes to own a vehicle, a house, and to educate her child.

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.

Loan details

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Loan details