Grace is 32 years old and lives in the town of Fort Portal, Uganda. For the past 5 years, Grace has been working hard to manage her salon, which sells braids and extensions, and plaits hair.
To help expand her business, Grace has requested a loan of 2,500,000 Ugandan shillings from BRAC Uganda. The loan will be used to purchase hair weaves, relaxers, and treatments, and will help Grace to generate greater profits and attract more customers. Grace hopes that in the future she will be able to stock her salon with more products not there.
Grace is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Grace 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.