Vincent is 41 years old and lives in the Fort Portal region of Uganda. He is married and has six children; four of them are currently in school. For the past 13 years, Vincent has been working hard to manage his welding shop, which does metal work and repairs.
To help expand his business, Vincent has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more bars for making windows, doors and gates, and will help Vincent to generate greater profits and improve his family's well-being. Vincent hopes that in the future he will be able to have many customers and contracts.
Vincent is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small-scale entrepreneurs like Vincent 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.