Anthony is 38 years old and lives in the town of Mukono, Uganda. He is married and has two children who are both currently in school. For the past four years, Anthony has been working hard to manage his depot where he sells soda, beer and mineral water.
To help expand his business, Anthony has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more soda, water and beer to stock in his shop, and will help Anthony to generate greater profits and grow his income which will help to sustain his family. Anthony hopes that in the future he will be able to expand the business into a larger store.
Anthony is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Anthony 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.