Peter is 35 years old and lives in the town of Soroti in the Mbale region of Uganda. He is married and has six children who are all currently in school. For the past fifteen years, Peter has been working hard to manage his retail shop, where he sells home supplies, food and fresh produce.
To help expand his business, Peter has requested a loan of 3,000,000 Ugandan Shillings from Kiva field partner BRAC Uganda. He will use the loan to buy more food to sell at his shop. Peter is a member of BRAC's Small Enterprise Program (SEP), which primarily serves small entrepreneurs who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.
Peter hopes he will be able to generate greater profits and improve his family's welfare. He hopes that in the future he will be able to start offering new kinds of produce to his customers.
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.