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Verious
Verious is 35 years old and lives in the town of Bugokho, which is located in Uganda's Mbale region. She is single and has two children, both of whom are in school. For the past 10 years, she has been working hard at her small business, which involves selling clothes. To help expand this business, she is requesting a loan for 3,000,000 Ugandan Shillings from BRAC Uganda. She will use the loan to buy more clothes to resell, and to help generate enough profits to pay her children's school fees. She hopes that in the future she will be able to become a larger clothing supplier, and is currently a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Verious 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
  • 259
    View loans »
    Uganda Loans Fundraising
  • $29,230,350
    Funds lent in using Kiva
  • 2,465.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Verious to buy more clothes to resell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 16, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013