Monic B. is 46 years old and lives in the town of Kibuli in the Kampala central region of Uganda. She is married and has four children. One of her children is currently in school. Monic has a small retail shop, which she has had for five years. She also has a second business: a restaurant.
To help expand her businesses, Monic has requested a loan of 1,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more sugar and soap for resale. With the help of the loan from BRAC, Monic hopes to generate greater profits and pay school fees for her child. In the future, Monic hopes to expand her 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.