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Penina
Penina is 30 years old and lives in the town of Nansana in the Kampala West region of Uganda. She is married and has three children, one of whom is currently in school. For the past 7 years, Penina has been working hard to manage her small business that sells timber.

To help expand her business, Penina has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more timber for resale, and will help Penina to generate greater profits and to increase her capital stock. Penina hopes that in the future, she will be able to grow her business to another branch.

Penina is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Penina who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro-loans.

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
  • 271
    View loans »
    Uganda Loans Fundraising
  • $31,081,300
    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 Penina to purchase more timber for resale,.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 12, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013