Said is 29 years old and lives in the town of Lukaya in the Masaka region of Uganda. He is married and has 4 children, with 3 of them currently in school. For the past 5 years, Said has been working hard to manage his small food stall, which sells produce.
To help expand his business, Said has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more foods like dry beans and maize flour, and will help Said to generate greater profits and improve his family's standard of living. Said hopes that in the future he will be able to own a milling machine that will process the food.
Said is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Said who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro-loans.
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.