Betty N. is 16 years old and lives in the town of Zanna in the Kampala West region of Uganda. She is single and has no children. Betty has a business of selling shoes, which she has had for less than one year.
To help expand her business, Betty has requested a loan of 200,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more shoes. With the help of the loan from BRAC, Betty hopes to generate greater profits and buy food and clothes for herself. In the future, Betty hopes to own a big shop.
Note to lenders: BRAC Uganda has recently begun posting a new loan product to Kiva which funds young entrepreneurs in BRAC’s Empowerment and Livelihood for Adolescents (ELA) program. This Kiva borrower is receiving a new ELA loan. The ELA program first provides disadvantaged adolescents, usually girls who are out of school, with livelihood training and financial literacy skills. Afterward, ELA participants can receive microfinance loans to expand their small businesses. These loans offer adolescents a unique chance to access finance at a young age and improve their prospects for the future, and target a segment of the population not typically served by traditional microfinance. Kiva is privileged to partner with BRAC Uganda in posting these new loans, and give Kiva lenders the opportunity to fund deserving young entrepreneurs and support a promising new sector in microfinance.
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.