Dennis is 36 years old and lives in the town of Lyantonde, Uganda. He is married and has 3 children who are all currently in school. For the past 3 years, Dennis has been working hard to manage his tailor shop, where he tailors garments and sells cloth.
To help expand his business, Dennis has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more material for uniforms, men's trousers and umshanana (traditional Ugandan wear), and will help Dennis to generate greater profits and lead to a better standard of living for his family. Dennis hopes that in the future he will be able to have a fully stocked shop that meets the needs of customers.
Dennis is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Dennis 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.