Joyce is 32 years old and lives in the town of Mukono in the Mukono region of Uganda. She is married and has two children who are both currently in school. For the past four years, Joyce has been working hard to manage her retail shop, selling salt, sugar and other items.
To help expand her business, Joyce has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more stock like sugar, cooking oil, and soap to be re-sold; it will help Joyce generate greater profits, increase the store's stock, and help the business to grow. Joyce hopes that in the future she will be able to have a big business.
Joyce is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Joyce 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.