Peter is 37 years old and lives in the town of Mbarara, Uganda. He is married and has three children who are all currently in school. For the past five years, Peter has been working hard to manage his depot, which sells beer, sodas, wine and water.
To help expand his business, Peter has requested a loan of 3,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to buy more waragi, wine and other drinks to sell. It will also help Peter generate greater profits and earn more money, which will increase the living standards of his family. Peter hopes that in the future he will be able to own a bigger bar.
Peter is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Peter 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.