Herbert is 29 years old and lives in the town of Mubende in Uganda. For the past two years, Herbert has been working hard to manage his small shop, which sells different kinds of shoes.
To help expand his business, Herbert has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more pairs of shoes for resale, and will help Herbert to generate greater profits and pay for houses that he is building. Herbert hopes that in the future he will be able to open up a another shop in the neighboring town.
Herbert is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Herbert 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.