Ben is 29 years old and lives in the town of Lyantonde in the Mbarara region of Uganda. He is single and has 2 children. For the past 3 years, Ben has been working hard to manage his small business, which is a video and music library.
To help expand his business, Ben has requested a loan of 2500000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more video and music DVDs, and will help Ben to generate greater profits and pay for his medical bills. Ben hopes that in the future he will be able to provide the best services in town.
Ben is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Ben 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.