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Fredrick
Fredrick is 55 years old and lives in the Luwero region of Uganda. He is married and has six children, four of whom are currently in school. For the past five years, Fredrick has been working hard to manage his small stall, where he sells spare mechanical parts for motorbikes and cars.

To help expand his business, Fredrick has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more spare parts for resale, and will help Fredrick to generate greater profits and to pay his children's school fees on time. Fredrick hopes that in the future he will be able to continue to grow his business until he has the biggest spare parts stall in Luwero.

Fredrick is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Fredrick who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.

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
  • 228
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,835.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Fredrick to buy spare parts for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2011
Listed
Oct 28, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012