Sylivia is 40 years old and lives in the town of Gaba in Uganda. She is married and has five children, four of whom are currently in school. For the past ten years, Sylivia has been working hard to manage her business, which sells engine oil retail and wholesale.
To help expand her business, Sylivia has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more oil for resale, and will help Sylivia to generate greater profits and cater to her family's basic needs. Sylivia hopes that in the future she will be able to establish another branch of her business.
Sylivia is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Sylivia 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.