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Abubakar
Abubakar is 44 years old and lives in the town of Mbale, in the Mbale region of Uganda. He is married and has five children, all of whom are currently in school. For the past five years, Abubakar has been working hard to manage his small shop, where he sells shoes.

To help expand his business, Abubakar has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more fashionable shoes for reselling. This will help Abubakar to generate greater profits and pay school fees for his children. Abubakar hopes that in the future he will be able to become the richest man in town.

Abubakar is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Abubakar, 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
  • 356
    View loans »
    Uganda Loans Fundraising
  • $29,766,150
    Funds lent in using Kiva
  • 2,699.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Abubakar to buy more fashionable shoes, to resell in his shop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2012
Listed
Dec 10, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013