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Loyce
Loyce is 29 years old and lives in the town of Bombo in the Luwero region of Uganda. She is married and has two children.



For the past two years, Loyce has been working hard to manage her salon, where she works as a hairstylist.



To help expand her business, Loyce has requested a loan in the amount of 2,000,000 UGX from BRAC Uganda. The loan proceeds will be used to buy more essentials for her salon, including braids and a hair dryer. She expects that the loan will help her generate increased profits and will enable her to improve her family's living stardands. In the future, Loyce hopes to expand her business into a vocational hairstylist training center.



Loyce is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Loyce who do not have enough collateral for commercial loans, but who 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
  • 213
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,655.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Loyce to expand and improve her salon by purchasing additional hair products (e.g., braids) and a hair dryer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 10, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2014