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Michael
Michael N. M. is a hard-working businessman. He is 48 years of age, a loving husband and father to 5 children who are all in school. He has 5 years' experience in selling fuel (petrol and diesel).



Due to scarcity and skyrocketing fuel prices, Michael is using the loan proceeds to increase his stock of petrol and diesel so as to meet customer demand. His ambition is to open up a fuel station with large fuel reserves. It is the income from the business that enables him to provide for his family.

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.

About Uganda

  • $1,500
    Average annual income
  • 135
    View loans »
    Uganda Loans Fundraising
  • $28,282,425
    Funds lent in using Kiva
  • 1,990.0
    Uganda Shillings (UGX) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Michael purchase petrol and diesel fuel for re-sale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 5, 2009
Listed
Jan 19, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010