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Fatuma
Fatuma is 28 years old and lives in the town of Kibuli in the Kampala South region of Uganda. She is married and has one child who is currently in school. For the past eight years, Fatuma has been working hard to manage her beauty salon, where she does hairdressing.

To help expand her business, Fatuma has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more hair relaxers for her beauty salon and will help Fatuma to generate greater profits and take good care of her child. Fatuma hopes that in the future, she will be able to expand the beauty salon into a bigger parlor.

Fatuma is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Fatuma who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.


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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
  • 222
    View loans »
    Uganda Loans Fundraising
  • $29,088,225
    Funds lent in using Kiva
  • 2,560.0
    Uganda Shillings (UGX) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,000 helped Fatuma to buy more hair relaxers for her beauty salon.
70% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
Possible