Isaac is 28 years old and lives in the town of Mityana in the Mubende region of Uganda. He is married and has 2 children. For the past year, Isaac has been working hard to manage his video library, which sells film and music video DVDs.
To help expand his business, Isaac has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy a machine to produce classy music, and will help Isaac to generate greater profits and increase stock. With the loan, he will be able to provide better service that will increase profits so he can meet other expenses. Isaac hopes that in the future he will be able to own a bigger video library that will produce good local and international music.
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 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.