John is 42 years old and lives in the town of Maganjo in the Luwero region of Uganda. He is married and has 5 children with 1 of them currently in school. For the past 7 years, John has been working hard to manage his restaurant, which sells cooked food.
To help expand his business, John has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more chairs, one new fridge, and plates and cups for the restaurant. It will help John to generate greater profits and improve on his income benefits. John hopes that in the future he will be able to build rental houses.
John is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like John 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.