Matilda is 38 years old and lives in the town of Lugazi in the Mukono region of Uganda. She is married and has three children who are all currently in school. For the past four years, Matilda has been working hard to manage her boutique, which sells mens and ladies clothing.
To help expand her business, Matilda has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more shoes and clothing to sell, and will help Matilda to generate greater profits which will lead to increased income for her family. Matilda hopes that in the future she will be able to live a good life free from poverty.
Matilda is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Matilda 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.