Total loan: $525


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Kalerwe, Central Region, Uganda / Services

Margaret's loan finished fundraising,
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A loan helped to provide for more float and have cash for her mobile money transaction business.

Margaret's story

Margaret is 31 years old and lives in the town of Kalerwe in the Kawempe region of Uganda. She is widowed and has four children with three of them currently in school. For the past 3 years, Margaret has been working hard to manage her mobile money business, where she does mobile money transactions and has a retail shop.

To help expand her business, Margaret has requested a loan of 1,800,000 UGX from BRAC Uganda. The loan will be used to purchase more float and have cash for the mobile money transaction process. It will help Margaret generate greater profits and her production will increase and attract more revenue. She will manage to buy food for her family.

Margaret hopes that in the future she will be able to expand her business and build rentals on her piece of land.

Margaret is a member of BRAC's Microfinance program (MF). The program primarily serves small Group members like Margaret who do not have collateral for commercial loans, but have businesses that have grown and qualify for microloans.