Regina is 33 years old and lives in the town of Lyantonde, Uganda. She is married and has 5 children who are all currently in school. For the past 6 years, Regina has been working hard to manage her salon, which does hair dressing, sells cosmetics and hair oils.
To help expand her business, Regina has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more shelves and also cosmetics and hair oils, and will help Regina to generate greater profits and boost her income leading to better standards of living. Regina hopes that in the future she will be able to provide the best quality salon services and products in Lyantonde.
Regina is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Regina 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.