Florence is 35 years old and lives in the town of Kireka in Uganda. She is married and has five children, four of whom are currently in school. For the past three years, Florence has been working hard to manage her small shop, where she sells hardware.
To help expand her business, Florence has requested a loan of 2,500,000 UGX from BRAC Uganda. The loan will be used to stock more items for resale. This will help Florence to generate greater profits and pay the school fees for her children. Florence hopes that in the future she will be able to open up another hardware business.
Florence is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Florence 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.