100%

funded

Total loan: $875

Catherine's Group

Kabuusu, Central Region, Uganda / Services

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A loan helped to purchase for more float and have cash for the flow of her mobile money business.


Catherine's Group's story

Catherine's group is composed of 2 hardworking women. Catherine is 25 years old and lives in the town of Kabuusu in the Makindye region of Uganda. For the past 2 years, she has been working hard to manage her mobile money business, which does mobile money transactions.

To help expand her business, Catherine has requested a share of a loan of 3,200,000 Ugandan shillings from BRAC Uganda. The loan will be used to provide more float (the amount of money in the account used for immediate access to speed transactions) and have cash for the flow of the business. This will help Catherine to generate greater profits, increase her production, and attract more revenue. She will manage to buy food for her family. Catherine hopes that in the future she will be able to buy a plot of land and build rental houses for business.

Catherine is a member of BRAC's Empowerment and Livelihood for Adolescents (ELA) program. In addition to microfinance loans, the program provides both a safe place for young Ugandan women to take part in group activities, and a forum for life-skills training.