Edmond is 33 years old and lives in the town of Kachwamba in the Fort region of Uganda. He is married and has four children, three of them currently in school. For the past four years, Edmond has been working hard to manage his shop, which sells music DVDs.
To help expand his business, Edmond has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more music DVDs for resale, and will help Edmond to generate greater profits and pay for his children's school. Edmond hopes that in the future he will be able to expand the business into a music studio.
Edmond is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Edmond 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.