To help expand his business, Joseph has requested a loan of 2000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more essential commodities like sugar and soap for resale, and will help Joseph to generate greater profits and improve his family's living standards. Joseph hopes that in the future he will be able to start up a supermarket.
Joseph is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Joseph who do not have enough collateral for commercial loans, but operate businesses that have grown too large for microloans.
About BRAC UgandaThis 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.
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Success!! The loan was 100% repaid