Ronald is 29 years old and lives in the town of Masindi in the Hoima region of Uganda. He is married and has two children who are both currently in school. For the past four years, Ronald has been working hard to manage his motor shop, which deals in motor spares (new and second-hand), and he also does repairs.
To help expand his business, Ronald has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to increase his stock, which will help Ronald generate a greater profit. Ronald hopes that in the future he will be able to have a larger business and offer transportation services.
Ronald is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Ronald 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.