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Stephen
Stephen is 39 years old and lives in the town of Mbarara, Uganda. He is married and has four children, who are all currently in school. For the past 10 years, Stephen has been working hard to manage his small business, which sells household goods and clothes.

To help expand his business, Stephen has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy necklaces, shorts, lip balm, and firewood for building bricks. It will help Stephen to generate greater profits and improve his family's standard of living. Stephen hopes that in the future, he will be able to open a wholesale shop.

Stephen is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Stephen 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
  • 213
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,526.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Stephen to buy necklaces, shorts, lip balm, and firewood for building bricks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2012
Listed
Oct 4, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 24, 2013