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Peter
Peter is 28 years old and lives in the town of Soroti in the Mbale region of Uganda. He is married and has four children with two of them currently in school. For the past three years, Peter has been working hard to manage his boutique, which sells clothes.

To help expand his business, Peter has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more different types of clothes for sale, and will help Peter to generate greater profits and pay school fees for his children. Peter hopes that in the future he will be able to add more clothes to increase his working capital.

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

  • $1,800
    Average annual income
  • 260
    View loans »
    Uganda Loans Fundraising
  • $31,047,900
    Funds lent in using Kiva
  • 2,520.0
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $800 helped Peter to buy more different types of clothes for sale.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2014
Listed
Apr 14, 2014
Currency Exchange Loss:
Possible
Expired:
May 14, 2014