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Fedinati
Fedinati is 30 years old and lives in the town of Arua 1 in the Arua region of Uganda. He is single and has one child. For the past seven years, Fedinati has been working hard to manage his retail shop, which sells phone accessories.

To help expand his business, Fedinati has requested a loan of 3000000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more phone accessories to sell, and will help Fedinati to generate greater profits and provide enough medication for his parents and his young child. Fedinati hopes that in the future, he will be able to increase his stock and will also be able to borrow more money from Brac.

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

  • $1,500
    Average annual income
  • 418
    View loans »
    Uganda Loans Fundraising
  • $30,364,350
    Funds lent in using Kiva
  • 2,541.3
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Fedinati to buy more phone accessories to sell,.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 21, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014