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Fred
Fred is 45 years old and lives in the town of Soroti in the Mbale region of Uganda. He is married and has 3 children who are all currently in school. For the past 18 years, Fred has been working hard to manage his small shop, which sells produce.

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 produce 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.

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

  • $1,800
    Average annual income
  • 237
    View loans »
    Uganda Loans Fundraising
  • $31,030,850
    Funds lent in using Kiva
  • 2,365.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Fred to buy more produce for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Feb 29, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013