Joyce is 40 years old and lives in the town of Pallisa in the Iganga region of Uganda. She is married and has 3 children who are all currently in school. For the past 3 years, Joyce has been working hard to manage her small business, which sells produce.
To help expand her business, Joyce has requested a loan of 3000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more produce such as maize flour, beans and rice for resale, and will help Joyce to generate greater profits, improve on her business and add other different products. Joyce hopes that in the future she will be able to buy a grinding machine that will be used to process the products.
Joyce is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Joyce 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.