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Sophia
Sophia is 33 years old and lives in the town of Lyantonde in the Mbarara region of Uganda. She is married and has four children who are all currently in school. For the past 10 years, Sophia has been working hard to manage her salon, which does hair dressing.

To help expand her business, Sophia has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more hair "excitations" and hair dryers, and will help Sophia to generate greater profits and pay school fees for her children. Sophia hopes that in the future she will be able to provide good services to the people by buying more different items for the salon.

Sophia is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Sophia 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
  • 169
    View loans »
    Uganda Loans Fundraising
  • $28,672,675
    Funds lent in using Kiva
  • 2,495.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Sophia to buy more hair "excitations" and hair dryers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Sep 4, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 21, 2013