To help expand his business, Aiola has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda to buy more essential commodities such as sugar, rice, dry beans and maize flour for resale. This will help him to generate greater profits and pay school fees for his children. Aiola hopes that in the future he will be able to start another side business.
Aiola is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Aiola 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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