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Fouisto
Fouisto is 50 years old and lives in the town of Koboko in the Arua region of Uganda. For the past 10 years, Fouisto has been working hard to manage his small business, which sells dry food such as beans, maize flour, and nuts.

To help expand his business, Fouisto has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more dry products such as maize flour and beans that will have to be sold, and will help Fouisto to generate greater profits and take care of his family's basic needs such as good. Fouisto hopes that in the future he will be able to increase his profits so he can better care for his family.

Fouisto is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Fouisto 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
  • 151
    View loans »
    Uganda Loans Fundraising
  • $28,307,700
    Funds lent in using Kiva
  • 2,475.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Fouisto to buy more dry products such as maize flour and beans.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Nov 27, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013