John is 36 years old and lives in the town of Kumi in the Soroti region of Uganda. He is married and has three children, two of whom are currently in school. For the past four years, John has been working hard to manage his retail shop, which sells food and home supplies.
To help expand his business, John has requested a loan of 1,500,000 UGX from BRAC Uganda. The loan will be used to buy more rice, sugar, and other supplies for the shop. It will help John generate greater profits and finish paying for the construction of a rental room that is attached to his house. John hopes that in the future he will be able to move into wholesale selling.
John is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like John 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.