Mareen, age 30, lives in the town of Ishaka in the Kabwohe region of Uganda. She is single and has three children, two of whom are currently in school. For the past 10 years, Mareen has been working hard to manage her grocery store, where she sells food items and home supplies.
To help expand her business, Mareen has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more items to fill her store's shelves, which will help Mareen to generate greater profits and improve her family's quality of life. Mareen hopes that in the future she will be able to open another business in the area.
Mareen is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Mareen 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.