Charles is 33 years old and lives in the town of Kyenjojo in the Mubende region of Uganda. He is married and has 3 children, one of whom is currently in school. For the past five years, Charles has been working hard to manage his retail shop which stocks spare motor parts and motor oil.
To help expand his business, Charles has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy spare parts for resale, and will help Charles to generate greater profits and pay school fees for his children. Charles hopes that in the future he will be able to own a bigger shop for spare parts.
Charles is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Charles 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.