Jennifer is 32 years old and lives in the town of Iganga in the Iganga region of Uganda. She is married and has four children, three of them currently in school. For the past three years, Jennifer has been working hard to manage her retail shop, in which she sells sugar, salt, and cooking oil.
To help expand her business, Jennifer has requested a loan of 2000000 UGX (Ugandan Shillings) from BRAC Uganda. The loan will be used to increase more essential commodities such as milk, cooking oil, sugar, and salt, in order to attract more customers. Also, it will help Jennifer to generate greater profits, improve her business, and improve her family's standard of living. Jennifer hopes that, in the future, she will be able to manage paying for her children's education, up to the university level.
Jennifer is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Jennifer, 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.