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Fred
Fred is 32 years old and lives in the town of Kamuli in the Jinja region of Uganda. He is married and has four children, one of whom is currently in school. For the past two years, Fred has been working hard to manage his small shop, which buys old metal materials to recycle and sell.

To help expand his business, Fred has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more metal scrap for resale, and will help Fred to generate greater profits and pay school fees for his children. Fred hopes that in the future he will be able to expand his business more.

Fred is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Fred, 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
  • 318
    View loans »
    Uganda Loans Fundraising
  • $29,710,775
    Funds lent in using Kiva
  • 2,525.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Fred to buy more metal scrap for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Nov 24, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012