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Salam
Salam is 50 years old and lives in the town of Mbale in the region of Mbale in Uganda. He is married and has 5 children with 2 of them currently in school. For the past 10 years, Salam has been working hard to manage his business, which sells cement.

To help expand his business, Salam has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to add capital to the business and buy more cement, and will help him to generate greater profits and pay school fees to better schools for his children's education. He hopes that in the future he will be able to have a very big business.

Salam is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Salam 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
  • 151
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 2,524.9
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,000 helped Salam add capital to the business and buy more cement.
97% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Nov 13, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015