Funded

Total loan: $1,350
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Elifaz


A loan of $1,350 helped to buy sugar, salt, beans, posho, soap, salt, bread, ground nuts, and soya flour.


Elifaz's story

Elifaz is 45 years old and lives in the town of Wobulenzi in the Luwero region of Uganda. He is married and has three children; none of them are currently in school. For the past 19 years, Elifaz has been working hard to manage his retail shop, which sells sugar, salt, beans, posho, soap, salt, bread, ground nuts, and soya flour.

To help expand his business, Elifaz has requested a loan of 3,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy sugar, salt, beans, posho, soap, salt, bread, ground nuts and soya flour, and will help Elifaz to generate greater profits and acquire a fridge and sell cold drinks. Elifaz hopes that in the future he will be able to own a big wholesale shop.

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



Loan details

Loan length:

14 months
Disbursed date: July 9, 2014

Lenders and lending teams




Loan details

Loan length:

14 months
Disbursed date: July 9, 2014