Agnes is 27 years old and lives in the town of Masindi in the Hoima region of Uganda. She is married and has two children with one currently in school. For the past two years, Agnes has been working hard to manage her retail shop, which sells general goods. She also has a small clinic.
To help expand her business, Agnes has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to increase the inventory of her business, and it will help Agnes to generate a greater profit. She hopes to make enough of a profit to complete her house. Agnes hopes that in the future she will be able to build her own commercial building so she does not have to rent.
Agnes is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Agnes who do not have enough collateral for commercial loans, but they 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.