To help expand his business, Hudson has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to increase store stock and will help him to generate greater profits and expand the business. Hudson hopes that in the future he will be able to earn more profits.
Hudson is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Hudson who do not have enough collateral for commercial loans, but have 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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