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Larent
Larent is 29 years old and lives in the town of Kyenjojo in the Mubende region of Uganda. He is married and has one child. For the past two years, Larent has been working hard to manage his boutique shop, which sells clothes.

To help expand his business, Larent has requested a loan of 1,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more clothes for resale and will help Larent generate greater profits and pay medical expenses. Larent hopes that in the future he will be able to expand his business more.

Larent is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Larent 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
  • 289
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,600.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Larent to purchase for more clothes for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2011
Listed
Nov 12, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012