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Velonica
Velonica is 22 years old and lives in the town of Zirobwe in the Luwero region of Uganda. For the past year, Velonica has been working hard to manage her small business, which sells clothes.

To help expand her business, Velonica has requested a loan of 500,000 UGX from BRAC Uganda. The loan will be used to buy more clothes to sell, and this will help Velonica to generate greater profits and improve on her family's standard of living. Velonica hopes that in the future she will be able to stop the mobile business and rent a shop for her business.

Velonica is a member of BRAC's Empowerment and Livelihood for Adolescents (ELA) program. In addition to microfinance loans, the program provides both a safe place for young Ugandan women to take part in group activities, and a forum for life-skills training.

Additional Information

More information about this loan

This loan is part of BRAC Uganda's Empowerment and Livelihood for Adolescents (ELA) program geared toward helping young women realize their full potential. The comprehensive curriculum of the ELA program includes training in life skills and the creation of adolescent clubs for ELA participants to discuss social issues and play games. Older ELA members are offered training in specific income-generating activities and can receive microfinance loans to support their enterprises. The ELA program has expanded rapidly since the beginning of 2008. Today, there are over 1,000 adolescent clubs reaching more than 40,000 young women across Uganda.

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.

About Uganda

  • $1,800
    Average annual income
  • 292
    View loans »
    Uganda Loans Fundraising
  • $31,055,375
    Funds lent in using Kiva
  • 2,570.7
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $200 helped Velonica to buy more clothes to sell.
98% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 21, 2014
Listed
Jun 20, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 28, 2015