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Rashid
Rashid is 37 years old and lives in the town of Abaita Ababiri in the Kampala West region of Uganda. He is married and has 4 children who are all currently in school. For the past 7 years, Rashid has been working hard to manage his retail shop, where he sells a variety of different commodities.

To help expand his business, Rashid has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more food like bread and eggs to stock his store, and will help Rashid to generate greater profits and become more business-oriented. Rashid hopes that in the future he will be able to become rich and open up other stores.

Rashid is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Rashid 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
  • 300
    View loans »
    Uganda Loans Fundraising
  • $30,713,300
    Funds lent in using Kiva
  • 2,487.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Rashid to buy more food to stock his store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 27, 2013