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Alex
Alex is 30 years old and lives in the town of Rukoki in the Rukoki region of Uganda. For the past seven years, Alex has been working hard to manage his agrochemical business, which sells seed fertilizers.

To help expand his business, Alex has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to acquire more stock of agrochemicals, and will help Alex to generate greater profits, which will lead to increased returns and enable him to start another business. Alex hopes that in the future he will be able to employ people to help him run the business.

Alex is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Alex 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
  • 228
    View loans »
    Uganda Loans Fundraising
  • $28,946,125
    Funds lent in using Kiva
  • 2,646.7
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Alex to acquire more stock of agrochemicals.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 7, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 21, 2014