Kifaalu lives in the town of Wakiso in the Kampala East region of Uganda. He is single and has two children who are both currently in school.
For the past 10 years, Kifaalu has been working hard to manage his bar, where he sells beers, spirits and soft drinks.
To help expand his business, Kifaalu has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more drinks for his bar, and it will help Kifaalu to generate greater profits and allow him to expand his business by serving more customers. Kifaalu hopes that in the future, he will be able to be self-reliant.
Kifaalu is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Kifaalu 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.