Alice is 48 years old and lives in the town of Mbarara in the Mbarara region of Uganda. She is married and has eight children, four of whom are currently in school. For the past 10 years, Alice has been working hard to manage her grocery store where she sells sugar, rice, pasho, Pampers, and other general goods.
To help expand her business, Alice has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more cooking oil, sugar, eggs and other foodstuffs and will help Alice to generate greater profits, improve family income and increase capital investment. Alice hopes that in the future, she will be able to own a bigger shop.
Alice is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Alice 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.