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Solomon
Solomon is 27 years old and lives in the town of Kisekende in the Mubende region of Uganda. For the past three years, Solomon has been working hard to manage his retail shop, which sells spare parts.

To help expand his business, Solomon has requested a loan of 3000000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more spare parts to sell, and will help Solomon to generate greater profits. This will help him take care of his parents with basic needs and pay for the medical bills. Solomon hopes that in the future he will be able to start selling motorcycles.

Solomon is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Solomon who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.


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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
  • 266
    View loans »
    Uganda Loans Fundraising
  • $29,188,300
    Funds lent in using Kiva
  • 2,550.1
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Solomon to purchase more spare parts to sell,.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Apr 16, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 21, 2014