Funded

Total loan: $1,225
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Penina

Uganda
Nansana, Uganda / Timber Sales

A loan of $1,225 helped to purchase more timber for resale,.


Penina's story

Penina is 30 years old and lives in the town of Nansana in the Kampala West region of Uganda. She is married and has three children, one of whom is currently in school. For the past 7 years, Penina has been working hard to manage her small business that sells timber.

To help expand her business, Penina has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more timber for resale, and will help Penina to generate greater profits and to increase her capital stock. Penina hopes that in the future, she will be able to grow her business to another branch.

Penina is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Penina who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro-loans.



Loan details

Loan length:

14 months
Disbursed date: June 12, 2012

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: June 12, 2012