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Richard
Richard is 38 years old and lives in the town of Nasana in the Kampala west region of Uganda. He is married and has four children, with three of them currently in school.

For the past 10 years, Richard has been working hard to manage his tailoring. He does tailoring and sells clothes.

To help expand his business, Richard has requested a loan of UGX 3,000,000 from BRAC Uganda. The loan will be used to buy more materials for making clothes to sell. It will help Richard to generate greater profits and improve more on his business.

Richard hopes that in the future he will be able to own a textile manufacturer.

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

Tags

About Uganda

  • $1,800
    Average annual income
  • 288
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 2,539.9
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Richard to buy more materials for making clothes to sell,.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2013
Listed
Oct 19, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014