Swamodo, age 36, manages a clinic, where he sells medical products. He has run this business for the past ten years. He and his wife live in the town of Mbarara in the Mbarara region of Uganda. They have three children, two of whom are currently enrolled in school.
To help expand his business, Swamodo has requested a loan of 3 million Ugandan Shillings from BRAC Uganda. The loan will be used to buy more medications for his business and will help Swamodo to generate greater profits, thus allowing him to improve the standard of living of his family. Swamodo hopes that in the future he will be able to own a hospital.
Swamodo is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Swamodo 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.