Beatrice is 32 years old and lives in the town of Fort Portal in Uganda. She is married and has one child who currently attends school. For the past four years, Beatrice has been working hard to manage her retail shop, which sells sugar, salt and cooking oil.
To help expand her business, Beatrice has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. She will use this loan to buy more essential commodities such as milk, cooking oil, sugar and salt for resale. This loan will help Beatrice to generate greater profits and increase her stock of items to meet the demand of a greater number of customers. Beatrice hopes that in the future she will be able to own a larger well-stocked shop.
Beatrice is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Beatrice who do not have enough collateral for commercial loans but who 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.