Funded

Total loan: $100
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Mary


A loan of $100 helped to buy more matooke.


Mary's story

Mary Nakanja is 21 years old and lives in the town of Natete in the Kampala West region of Uganda. She is married and has 3 children. All of her children are currently in school. Mary has a business selling matooke (green plaintain), which she has had for 2 years.

To help expand her business, Mary has requested a loan of 200,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more matooke. With this loan from BRAC, Mary hopes to generate greater profits and to pay school fees. In the future, Mary hopes to own another business like charcoal sales. Mary is a member of BRAC’s Empowerment and Livelihood for Adolescents (ELA) program, which has helped her prospects for the future by learning how to deal with customers through financial literacy training.

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.



Loan details

Loan length:

11 months
Disbursed date: August 18, 2010

Lenders and lending teams



Loan details

Loan length:

11 months
Disbursed date: August 18, 2010