Sulaiman is 42 years old and lives in the town of Masindi in Uganda. He is married and has six children with four of them currently in school. For the past four years, Sulaiman has been working hard to manage his bar and lodge, which sells beer and soda in addition to offering beds to sleep in.
To help expand his business, Sulaiman has requested a loan of 3,000,000 UGX from BRAC Uganda. The loan will be used to purchase more bed frames and crates of beer, and iti will help Sulaiman to generate greater profits and complete his family's second house. Sulaiman hopes that in the future he will be able to open a depot for soda.
Sulaiman is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Sulaiman 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.