Ruth, 35, lives in the town of Kijura, Uganda. For the past four years, she has been working hard to manage her hardware store, which sells cement, iron sheets and nails, among other things.
To help expand her business, Ruth has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more tools and construction supplies for resale and will help Ruth to generate greater profits and pay for her children's school fees. Ruth hopes that in the future she will be able to own a machine to manufacture cement.
Ruth is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Ruth 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.