Beatrice is 38 years old and lives in the town of Kinubi in the Hoima region of Uganda. She is widowed and has three children with two of them currently in school. For the past six years, Beatrice has been working hard to manage her garment shop, which sells clothes.
To help expand her business, Beatrice has requested a loan of 1,800,000 UGX from BRAC Uganda. The loan will be used to buy more clothes for resale, and it will help Beatrice to generate greater profits and pay school fees for her children. Beatrice hopes that in the future she will be able to expand her business.
Beatrice is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Beatrice who do not have enough collateral for commercial loans but have businesses that have grown too large for microloans.
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.