A loan of $300 helps to purchase more float and have cash for the mobile money transaction process.
Teopistar is 26 years old and lives in the town of Kalerwe in the Kawempe region of Uganda. She is married and has one child. For the past 2 years, Teopistar has been working hard to manage her mobile money business, which does mobile money transactions.
To help expand her business, Teopistar has requested a loan of 1,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to purchase more float and have cash for the mobile money transaction process, and will help Teopistar to generate greater profits and her production will increase and attract more revenue. She will manage to buy food for her family. Teopistar hopes that in the future she will be able to expand more on her business and build rentals on her piece of land.
Teopistar is a member of BRAC's microfinance program (MF). The program primarily serves small group members like Teopistar who do not have collateral for commercial loans, but have businesses that have grown and qualify for microloans.