Paul is 36 years old and lives in the town of Hoima in the Mbarara region of Uganda. He is single and has 2 children. Both of his children are currently in school. Paul has a business of a small retail shop, which he has had for 2 years.
To help expand his business, Paul has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase essential commodities like salt and sugar for resale. With the help of the loan from BRAC, he hopes to generate greater profits and pay school fees for his children. In the future, he hopes to expand his business. Paul is a member of BRAC’s Small enterprise (SEP) program, which has helped his prospects for the future by increasing his capital.
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.