Louis is 38 years old and lives in the town of Paidah in the Arua region of Uganda. He is married and has six children, two currently in school. For the past five years, Louis has been working hard to manage his small shop, where he does tailoring.
To help expand his business, Louis has requested a loan of 2,500,000 UGX from BRAC Uganda. The loan will be used to buy more materials for making new clothes for sale. This will help Louis to generate greater profits and pay his children's school fees. Louis hopes that in the future he will be able to complete the construction of his rental houses.
Louis is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Louis 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.