Irene is 46 years old and lives in the town of Kalerwe in the Kampala region of Uganda. She is married and has three children. For the past nine years, Irene has been working hard to manage her restaurant, which serves hot meals to local customers.
To help expand her business, Irene has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more food supplies, and will help Irene to generate greater profits and improve her family's quality of life. Irene hopes that in the future she will be able to open up another restaurant in town.
Irene is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Irene 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.