Solomon is 30 years old and lives in the town of Kalerwe in the Kampala East region of Uganda. He is married and has 2 children, with 1 of them currently in school. For the past 3 years, Solomon has been working hard to manage his store, which sells clothing material at wholesale and retail.
To help expand his business, Solomon has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to expand his fabric supply, and will help Solomon to generate greater profits and to increase his capital stock. Solomon hopes that in the future he will be able to improve the business.
Solomon is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Solomon 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.