Check out some available loans that are similar to this one!
Grace
Grace is 37 years old and lives in the town of Matugga in the Luwero region of Uganda. She is married and has 4 children who are all currently in school. For the past 8 years, Grace has been working hard to manage her welding business, which sells metallic suitcases and saucepans.

To help expand her business, Grace has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy a welding machine, and will help Grace to generate greater profits and increased income. Grace hopes that in the future she will be able to expand into a big welding shop.

Grace is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Grace 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
  • 154
    View loans »
    Uganda Loans Fundraising
  • $28,666,600
    Funds lent in using Kiva
  • 2,523.0
    Uganda Shillings (UGX) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $800 helped Grace to buy a welding machine.
70% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2014
Listed
May 7, 2014
Currency Exchange Loss:
Possible