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Alex
Alex is 40 years old and lives in the town of Kibuli in the Kampala south region of Uganda. He is married and has 8 children, with 6 of them currently in school. For the past 12 years, Alex has been working hard to manage his retail shop, which sells sugar, soap and salt.

To help expand his business, Alex has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more items for the shop, such as milk and bread to sell, and will help Alex to generate greater profits and pay school fees for his children. Alex hopes that in the future he will be able to enlarge the business more.

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 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

  • $1,800
    Average annual income
  • 289
    View loans »
    Uganda Loans Fundraising
  • $31,089,375
    Funds lent in using Kiva
  • 2,545.2
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Alex to buy more items for the shop, such as milk and bread to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 13, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014