Ronald is 40 years old and lives in the town of Nebbi in the Luweero region of Uganda. He is married and has 5 children. Three of his children are currently in school. Ronald has a business of selling clothes, which he has had for 6 years. He also sells shoes as his second business.
To help expand his business, Ronald has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase shoes and clothes for resale. With the help of the loan from BRAC, Ronald hopes to generate greater profits and pay school fees for his children. In the future, Ronald hopes to open up another business. Ronald is a member of BRAC’s small enterprise program, which has helped his prospects for the future by allowing him to get a loan easily, which is not the same with other institutions.
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.