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Teddy
Teddy is 42 years old and lives in the town of Kibuli in Uganda. She is married and has two children, one of whom is currently in school. For the past five years, Teddy has been working hard to manage her beauty shop, which sells various kinds of cosmetics.

To help expand her business, Teddy has requested a loan of 1,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more cosmetics products for resale, and will help Teddy to generate greater profits and improve her family's welfare. Teddy hopes that in the future she will be able to start up another business.

Teddy is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Teddy 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
  • 224
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,565.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Teddy to buy more cosmetics products for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 10, 2011
Listed
Dec 3, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012