Resty is 42 years old and lives in the town of Natete in Uganda. She is married and has two children who are currently in school. For the past six years, Resty has been working hard to manage her retail shop, where she sells commodities such as sugar and soap.
To help expand her business, Resty has requested a loan of 2,000,000 UGX from BRAC Uganda. The loan will be used to purchase more essential commodities such as salt for resale. This will help Resty to generate greater profits and pay her children's school fees. Resty hopes that in the future she will be able to expand her business to a supermarket.
Resty is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Resty 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.