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Richard
Richard is 27 years old and lives in the town of Kintintale in the Kampala South region of Uganda. For the past 5 years, Richard has been working hard to manage his grocery store, which sells maize, cassava and millet flour.

To help expand his business, Richard has requested a loan of 2000000 UGX from BRAC Uganda. The loan will be used to increase his business and buy more flour to sell. This will help Richard to generate greater profits and enhance his business. Richard hopes that in the future he will be able to sell more produce and make higher profits.

Richard is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Richard 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
  • 229
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,650.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Richard to buy more cassava, millet and maize flour to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013