Eric is 28 years old and lives in the town of Kyenjojo in the Mubende region of Uganda. He is married and has one child. For the past one year, Eric has been working hard to manage his clinic, where he treats patients and sells medicine.
To help expand his business, Eric has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more drugs like Panadol, Cough Off, Cloud Cap, etc. and will help Eric to generate greater profits to buy more drugs for the clinic and build an admitting room for patients. Eric hopes that in the future he will be able to have a bigger and well-stocked clinic.
Eric is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Eric 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.