Richard is 29 years old and lives in the town of Najera in the Kampala West region of Uganda. He is married and has 2 children who are both currently in school. For the past 6 years, Richard has been working hard to manage his poultry business, where he buys young chicks, feeds them and then sells them wholesale.
To help expand his business, Richard has requested a loan of 3000000 Ugandan Shillings from BRAC Uganda. The loan will be used to expand his business by building more structures for his chicks to live in, and will help Richard to generate greater profits and boost his economic status. Richard hopes that in the future he will be able to have a large retail business.
Richard is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Richard 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.