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Abu
Abu is 30 years old and lives in the town of Iganga in the region of Uganda. He is married and has 2 children, with 1 of them currently in school. For the past 3 years, Abu has been working hard to manage his retail shop, which sells sugar, salt and other foodstuffs.

To help expand his business, Abu has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase a new refrigerator, and will help Abu to generate greater profits, hence sustain family members. Abu hopes that in the future he will be able to to increase profits.

Abu is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Abu 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
  • 275
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,517.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Abu to purchase a new refrigerator.
97% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 14, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2015