Update on BenaBena is 39 years old, and lives in the town of Mubende in the Mubende region of Uganda. She is married and has four children who are all currently in school. For the past three years, Bena has been working hard to manage her restaurant.
To help expand her business, Bena has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more raw and dry food such as bananas, beans, and maize flour. This should help Bena generate greater profits, and pay school fees for her children and some of her relatives.
Bena hopes that in the future, she will be able to start constructing a residential house.
Bena is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Bena, who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.
Previous Loan DetailsBena is 34 years old and lives in the town of Mubende in the Mubende region of Uganda. She is married and has three children; two of them are currently in school. For the past two years, Bena has been working hard to manage her retail shop, which sells sugar and soap. To help expand her busin... More from Bena's previous loan »
About BRAC UgandaThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid
- Repayment Term
- 14 months (Additional Information)
- Repayment Schedule
- Dec 11, 2012
- Jan 10, 2013
- Currency Exchange Loss:
- Jan 19, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.