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Ronald
Ronald is 30 years old and lives in the town of Namutumba in the Iganga region of Uganda. He is married and has three children with two of them currently in school. For the past five years, Ronald has been working hard to manage his small business, which sells agriculture equipment.

To help expand his business, Ronald has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more ploughs, hoes and axes to sell, and will help Ronald to generate greater profits and pay school fees for his children in better schools. Ronald hopes that in the future he will be able to construct a residential house of his own.

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

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

  • $1,500
    Average annual income
  • 248
    View loans »
    Uganda Loans Fundraising
  • $28,966,450
    Funds lent in using Kiva
  • 2,545.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Ronald to buy more ploughs, hoes and axes to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014