Stephan M. is 28 years old and lives in the town of Bulenga in the Kampala central region of Uganda. He is married and has three children. All of his children are currently in school. Stephan has a welding workshop, which he has had for three years.
To help expand his business, Stephan has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase welding materials for making beds and metallic doors for sale. With the help of the loan from BRAC, Stephan hopes to generate greater profits and pay school fees for his children. In the future, Stephan hopes to further expand his business.
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.