Archangel is 34 years old and lives in the town of Kasese in the Fort Portal region of Uganda. He is married and has 2 children, one currently in school. For the past 2 years, Archangel has been working hard to manage his retail shop, which sells dry beans, maize flour and sugar.
To help expand his business, Archangel has requested a loan of 2,000,000 Ugandan Shillings (UGX) from BRAC Uganda. The loan will be used to buy more essential commodities such as sugar, dry beans and maize flour for resale, and will help Archangel to generate greater profits and pay for his children's medical bills. Archangel hopes that, in the future,he will be able to expand the business into a wholesale shop.
Archangel is a member of BRAC's Small Enterprise Program (SEP)The program primarily serves small entrepreneurs like Archangel 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.