Fouisto is 50 years old and lives in the town of Koboko in the Arua region of Uganda. For the past 10 years, Fouisto has been working hard to manage his small business, which sells dry food such as beans, maize flour, and nuts.
To help expand his business, Fouisto has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more dry products such as maize flour and beans that will have to be sold, and will help Fouisto to generate greater profits and take care of his family's basic needs such as good. Fouisto hopes that in the future he will be able to increase his profits so he can better care for his family.
Fouisto is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Fouisto 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.