Total loan: $850


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Maganjo, Central Region, Uganda / Services

Moureen's loan finished fundraising,
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A loan helped to purchase more float and have cash for mobile money transactions.

Moureen's story

Moureen is 32 years old and lives in the town of Maganjo in the Kawempe region of Uganda. She is married and has 2 children with 1 of them currently in school. For the past 4 years, Moureen has been working hard to manage her mobile money business, which does mobile money transactions.

To help expand her business, Moureen has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more float and have cash for the mobile money transaction process. It will help Moureen to generate greater profits and her production will increase and attract more revenue. She will manage to buy food for her family. Moureen hopes that in the future she will be able to expand more on her business and build rentals on her piece of land.

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