Annet is 40 years old and lives in the town of Nakifuma in the Kasangati region of Uganda. She is single and has one child who is currently in school. For the past four years, Annet has been working hard to manage her hardware shop, which sells cement, iron sheets and bars.
To help expand her business, Annet has requested a loan of 2,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to buy more iron sheets, wire mesh, rings and cement, and will help Annet to generate greater profits, improve her standards of living, and pay for family necessities. Annet hopes that in the future she will be able to build up a permanent house on her mortgage.
Annet is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Annet, 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.