Faimah is 30 years old and lives in the town of Kayunga in the Mukono region of Uganda. She is married and has 3 children, 2 of them currently in school. For the past 2 years, Faimah has been working hard to manage her small business, which sells hardware items like cement and iron sheets.
To help expand her business, Faimah has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more hardware items like iron sheets for resale, and will help Faimah to generate greater profits and pay school fees for her children. Faimah hopes that, in the future, she will be able to build more rental houses.
Faimah is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Faimah 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.