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Modern
Modern is 27 years old and lives in the town of Ntungamo in the Mbarara region of Uganda. He is married. For the past six years, Modern has been working hard to manage his retail shop, which sells all types of essential products.

To help expand his business, Modern has requested a loan of 2 million Ugandan shillings from BRAC Uganda. The loan will be used to invest in the business, and will help Modern to generate greater profits and add more stock. Modern hopes that in the future he will be able to expand his business into a larger enterprise.

Modern is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Modern, 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
  • 321
    View loans »
    Uganda Loans Fundraising
  • $29,623,100
    Funds lent in using Kiva
  • 2,465.0
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $825 helped Modern invest in his general store.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2012
Listed
Jun 29, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 29, 2012