Denis lives in the town of Nakifuma in the Mukono region of Uganda. He is married and has one child. For the past 3 years, Denis has been working hard to manage his retail shop, which sells sugar, posho, flour, and other items.
To help expand his business, Denis has requested a loan of 3000000 UGX from BRAC Uganda. He will use this loan to increase his inventory of sugar, all types of flour and salt. This increased inventory will help Denis generate greater profits and improve his standard of living. Denis hopes that in the future he will be able to start a mini-supermarket.
Denis is a member of BRAC's Small Enterprise Program (SEP). This program primarily serves small entrepreneurs like Denis 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.