Hannington is 30 years old and lives in the town of Nakifuma in the Mukono region of Uganda. He is married and has two children, with one of them currently in school. For the past 3 years, Hannington has been working hard to manage his hardware store which sells cement and bricks.
To help expand his business, Hannington has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to add on capital and buy more hardware items such as iron sheets to be sold, and will help Hannington to generate greater profits and expand his business into a big hard ware shop. Hannington hopes that in the future he will be able to start another hardware store.
Hannington is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Hannington, 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.