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Stephen
Stephen is 47 years old and lives in the town of Iganga in the Iganga region of Uganda. He is married and has four children who are all currently in school. For the past five years, Stephen has been working hard to manage his retail shop, which sells sugar, salt, and cooking oil.

To help expand his business, Stephen has requested a loan of 2,000,000 UGX from BRAC Uganda. The loan will be used to stock up on essential commodities such as milk, cooking oil, sugar, and salt in order to attract more customers. Profits will increase and will help Stephen to pay school fees for his four children. Stephen hopes that in the future he will be able to expand his business into 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
  • 224
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,659.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Stephen to purchase essential commodities such as milk, cooking oil, sugar, and salt.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014