Dennis is 30 years old and lives in the town of Wobulenzi in the Luwero region of Uganda. He is married and has two children with one of them currently in school. For the past two years, Dennis has been working hard to manage his electronics store, which sells televisions and mobile phones.
To help expand his business, Dennis has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to procure more televisions and mobile phones for resale, and will help Dennis to generate greater profits and improve his stock, hence more income and a higher standard of living. Dennis hopes that in the future he will be able to make the business grow.
Dennis is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Dennis 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.