To help expand his business, Luke has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda to buy more materials to make wooden beds. This will help him to generate greater profits and pay his children's school fees. He hopes to become a big and well-known local businessman in town in the future.
Luke is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Luke who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro loans.
About BRAC UgandaThis 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.
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