Isaac is 45 years old and lives in the town of Kisasi in the Kampala east region of Uganda. He is married and has 6 children with 2 of them currently in school. For the past 10 years, Isaac has been working hard to manage his stationery shop, which also sells books.
To help expand his business, Isaac has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more books, pens and printing paper for resale and will help Isaac to generate greater profits and pay school fees for his children. Isaac hopes that in the future he will be able to improve his business by buying more inventory that will attract more customers.
Isaac is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Isaac who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro-loans.
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.