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Edward
Edward is 44 years old and lives in the town of Njeru in the Jinja region of Uganda. He is married and has six children, four currently in school. For the past eight years, Edward has been working hard to manage his business selling refrigerators.

To help expand his business, Edward has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more refrigerators and will help Edward generate greater profit and expand his business. Edward hopes that in the future he will be able to increase his stock.

Edward is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Edward 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
  • 318
    View loans »
    Uganda Loans Fundraising
  • $29,710,775
    Funds lent in using Kiva
  • 2,620.0
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $975 helped Edward to buy more refrigerators.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2014
Listed
Aug 6, 2014
Currency Exchange Loss:
Possible
Expired:
Sep 5, 2014