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Teddy
Teddy is 45 years old and lives in the town of Nateete in the Kampala East region of Uganda. She is married and has 4 children, 2 of them are currently in school. For the past 22 years, Teddy has been working hard to manage her food stall business, which sells Irish potatoes and banana.

To help expand her business, Teddy has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more irish potatoes and bananas, and will help Teddy to generate greater profits and increase her income. Teddy hopes that in the future she will be able to offer her buyers larger quantities.

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

  • $1,500
    Average annual income
  • 248
    View loans »
    Uganda Loans Fundraising
  • $28,973,325
    Funds lent in using Kiva
  • 2,627.0
    Uganda Shillings (UGX) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,150 helped Teddy to buy more irish potatoes and bananas.
61% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2014
Listed
Jul 10, 2014
Currency Exchange Loss:
Possible