Oliver is 37 years-old and lives in the town of Hoima in the Hoima region of Uganda. She is single and has two children who are both currently in school. For the past four years, Oliver has been working hard to manage her production business that sells dry food.
To help expand her business, Oliver has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more dry food like maize flour for resale, which will help Oliver to generate greater profits, enable her to pay her children's school fees, and change their standards of living. Oliver hopes that in the future she will be able to buy a plot of land.
Oliver is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Oliver 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.