Faridah is 35 years old and lives in the town of Kibuli in Uganda. She is married and has three children who are all currently in school. For the past five years, Faridah has been working hard to manage her bar, which sells different kinds of beers and sodas.
To help expand her business, Faridah has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more crates of beer and soda, and will help Faridah to generate greater profits and improve her family's welfare. Faridah hopes that in the future she will be able to start another business.
Faridah is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Faridah, 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.