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Vincent
Vincent is 47 years old and lives in the town of Nakifuma in the Mukono region of Uganda. He is single and has 7 children with 4 of them currently in school. For the past 25 years, Vincent has been working hard to manage his small retail shop that sells clothes.

To help expand his business, Vincent has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more clothes to sell, and will help Vincent to generate greater profits and pay school fees for his children. Vincent hopes that in the future he will be able to additionally provide quality services at the center.

Vincent is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Vincent 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.

Tags

About Uganda

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $30,725,575
    Funds lent in using Kiva
  • 2,612.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Vincent to buy more clothes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
May 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014