Teopista is 28 years old and lives in the town of Wakiso in the Kampala East region of Uganda. She is single and has one child. For the past 5 years, Teopista has been working hard to manage her salon, where she plaits and treats hair as well as sells cosmetics.
To help expand her business, Teopista has requested a loan of 3000000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more cosmetics, and will help Teopista to generate greater profits and expansion in business. Teopista hopes that in the future she will be able to reach a wholesale level.
Teopista is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Teopista 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.