Herbert is 47 years old and lives in the town of Lyantonde in the Mbarara region of Uganda. He is married and has 4 children who are all currently in school. For the past 20 years, Herbert has been working hard to manage his farming, which trades in milk products like ghee, milk and skins.
To help expand his business, Herbert has requested a loan of 3,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to get more animals for the business and will help Herbert to generate greater profits, sell milk products and buy all the necessities for the family. Herbert hopes that in the future he will be able to have a bigger farm.
Herbert is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Herbert 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.