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Elifaz
Elifaz is 45 years old and lives in the town of Wobulenzi in the Luwero region of Uganda. He is married and has three children; none of them are currently in school. For the past 19 years, Elifaz has been working hard to manage his retail shop, which sells sugar, salt, beans, posho, soap, salt, bread, ground nuts, and soya flour.

To help expand his business, Elifaz has requested a loan of 3,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy sugar, salt, beans, posho, soap, salt, bread, ground nuts and soya flour, and will help Elifaz to generate greater profits and acquire a fridge and sell cold drinks. Elifaz hopes that in the future he will be able to own a big wholesale shop.

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

  • $1,800
    Average annual income
  • 240
    View loans »
    Uganda Loans Fundraising
  • $31,040,150
    Funds lent in using Kiva
  • 2,620.0
    Uganda Shillings (UGX) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,350 helped Elifaz to buy sugar, salt, beans, posho, soap, salt, bread, ground nuts, and soya flour.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2014
Listed
Aug 6, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015