Miika is 41 years old and lives in the town of Ibanda in the Mbarara region of Uganda. He is married and has seven children, six of which are currently in school. For the past 10 years, Miika has been working hard to manage his produce shop, which sells produce like posho, beans, and coffee.
To help expand his business, Miika has requested a loan of 2500000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more beans, coffee, pasho, and millet and will help Miika to generate greater profits and increase his income since he is buying more produce to sell. Miika hopes that in the future he will be able to sell produce on a larger scale.
Miika is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Miika 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.