Sophie is 40 years old and lives in the town of Mbale in the Mbale region of Uganda. She is married and has six children who are all currently in school. For the past 12 years, Sophie has been working hard to manage her small business, which sells shoes.
To help expand her business, Sophie has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more shoes to sell, and will help Sophie to generate greater profits and pay school fees for her children. Sophie hopes that in the future she will be able to to become the richest business woman in town.
Sophie is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Sophie 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.