Stanly is 45 years old and lives in the town of Buwenge in the jinja region of Uganda. He is married and has six children, with four of them currently in school. For the past 15 years, Stanly has been working hard to manage his production business, after which he can sell dry food like maize flour, and also has a milling machine.
To help expand his business, Stanly has requested a loan of 2,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to buy more dry food like maize for resale and will help Stanly to generate greater profits and pay her school fees for his children. Stanly hopes that in the future he will be able to educate his children up to the university level.
Stanly is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Stanly 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.