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Ronald
Ronald is 29 years old and lives in the town of Masindi in the Hoima region of Uganda. He is married and has two children who are both currently in school. For the past four years, Ronald has been working hard to manage his motor shop, which deals in motor spares (new and second-hand), and he also does repairs.

To help expand his business, Ronald has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to increase his stock, which will help Ronald generate a greater profit. Ronald hopes that in the future he will be able to have a larger business and offer transportation services.

Ronald is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Ronald who do not have enough collateral for commercial loans, but they 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
  • 216
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,470.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Ronald to increase his stock.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2012
Listed
Jun 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 24, 2013