Frank is 32 years old and lives in the town of Lyantonde in the Mbarara region of Uganda. He is married and has 2 children, with 1 of them currently in school. In the past, Frank has been working hard to manage his grocery store, which sells maize, beans and groundnuts.
To help expand his business, Frank has requested a loan of 3,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to renovate the store and stock more goods such as maize flour, beans and groundnuts, and will help Frank to generate greater profits and boost his sales which will lead to bigger profits. Frank hopes that in the future he will be able to have a wide variety of groceries that meet all his customers' needs.
Frank is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Frank 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.