Charlse is 33 years old and lives in the town of Kyenjojo in the Mubende region of Uganda. He is married and has one child who is currently in school. For the past 3 years, Charlse has been working hard to manage his bar and lodge, which sells drinks like soda, beer and offers lodgings.
To help expand his business, Charlse has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more drinks like beer and sodas and also renovate the lodge, and will help Charlse to generate greater profits and improve his family's standard of living. Charlse hopes that in the future he will be able to own a well-stocked bar with self-contained rooms for the lodge.
Charlse is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Charlse 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.