Nutty is 45 years old and lives in the town of Kayunga in the Mukono region of Uganda. He is married and has 5 children who are all currently in school. For the past 20 years, Nutty has been working hard to manage his leather business, which sells shoes.
To help expand his business, Nutty has requested a loan of 2,000,000 UGX from BRAC Uganda. The loan will be used to buy more good leather shoes to sell. By increasing his inventory, Nutty will be able to generate greater profits and expand his business by buying more goods. Nutty hopes that in the future he will be able to to produce quality goods.
Nutty is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Nutty 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.