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Alfred
Alfred is 49 years old and lives in the town of Bungokho in the Mbale region of Uganda. He is married and has five children with three of them currently in school. For the past five years, Alfred has been working hard to manage his small business, which sells a local drink called waragi.

To help expand his business, Alfred has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more items like molasses that will help in making the local drink to sell, and will help Alfred to generate greater profits and pay school fees for his children. Alfred hopes that in the future he will be able to expand into a bigger business.

Alfred is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Alfred 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
  • 251
    View loans »
    Uganda Loans Fundraising
  • $28,992,150
    Funds lent in using Kiva
  • 2,556.6
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Alfred to buy more items like molasses that will help in making the local drink he sells.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 24, 2013