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Charles
Charles is 46 years old and lives in the town of Bombo in the Luwero region of Uganda. He is married and has 6 children who are all currently in school. For the past 4 years, Charles has been working hard to manage his spare parts business, which sells tires, tubes, wheels and paddles.

To help expand his business, Charles has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase tires, tubes, wheels and paddles, and will help Charles to generate greater profits and increase stock. Charles hopes that, in the future, he will be able to meet target plans.

Charles is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Charles 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
  • 278
    View loans »
    Uganda Loans Fundraising
  • $29,599,275
    Funds lent in using Kiva
  • 2,620.0
    Uganda Shillings (UGX) = $1 USD
Expired
A loan of $1,150 helped Charles to purchase tires, tubes, wheels and paddles.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2014
Listed
Aug 6, 2014
Currency Exchange Loss:
Possible
Expired:
Sep 5, 2014