Grace is 43 years old and lives in the town of Arua in the Arua region of Uganda. She is widowed and has five children, four of whom are currently in school. For the past five years, Grace has been working hard to manage her silver fish-selling business.
To help expand her business, Grace has requested a loan of 2,000,000 Ugandan Shillings through BRAC Uganda. The loan will be used to purchase more silver fish to sell, and will help Grace to generate greater profits by purchasing more items to sell. Grace hopes that, in the future, she will be able to expand the business further.
Grace is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Grace 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.