For the past five years, Peter has been working hard to manage his small business, where he sells clothes, shoes and utensils. To help expand his business, Peter has requested a loan in the amount of 2,000,000 UGX from BRAC Uganda. The loan proceeds would be used to buy more items like clothes and shoes for the business. By increasing his inventory, Peter expects that the loan proceeds will help him generate greater profits and keep the business running smoothly. In the future, Peter hopes to be able to create a bigger business.
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 who have businesses that have grown too large for microloans.
About BRAC UgandaThis 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.
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Success!! The loan was 100% repaid