Fracis is 35 years old and lives in the town of Kumi in the Soroti region of Uganda. He is married and has two children. For the past 4 years, Fracis has been working hard to manage his small shop, which makes and sells clothes.
To help expand his business, Fracis has requested a loan of 1,500,000 UGX from BRAC Uganda. The loan will be used to buy more traditional Ugandan dresses, called gomeses, for resale, and will help Fracis to generate greater profits and to lay a foundation for a house on the plot his family has already purchased. Fracis hopes that in the future he will be able to finish building his own home so that he no longer has to pay rental costs.
Fracis is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Fracis 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.