Muhamudu is 40 years old and lives in the town of Mbarara, Uganda. He has three children, one of whom is currently in school. For the past eight years, Muhamudu has been working hard to manage his grocery store where he sells sugar, rice, soda and posho.
To help expand his business, Muhamudu has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more commodities like salt, bread, water and sugar and will help Muhamudu to generate greater profits and expand the business with the additional stock. Muhamudu hopes that in the future, he will be able to set up another business on a large scale.
Muhamudu is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Muhamudu who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro loans.
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.