Mila is 55 years old and lives in the town of Arua hill in the Arua region of Uganda. He is married and has 6 children. For the past 20 years, Mila has been working hard to manage his cow business, which sells cattle.
To help expand his business, Mila has requested a loan of 3000000 UGX from BRAC Uganda. He will use this loan to buy more cattle to sell, thereby generating greater profits that he can use to take care of his family and pay his medical bills. Mila hopes that in the future he will be able to become the richest man in town.
Mila is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Mila 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.