To help expand his business, Denis has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to expand his business by purchasing more meat to butcher, and will help Denis to generate greater profits and to improve his family's status. Denis hopes that in the future, he will be able to open up more businesses within the locality.
Denis is a member of BRAC's Small Enterprise Program (SEP.) The program primarily serves small entrepreneurs like Denis who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.
About BRAC UgandaThis 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.
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