Charlse is 32 years old and lives in the town of Lyantonde in the Mbarara region of Uganda. He is married and has three children, with two of them currently in school. For the past 10 years, Charlse has been working hard to manage his retail shop, which sells sugar, salt and cooking oil.
To help expand his business, Charlse has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more essential commodities such as milk, cooking oil, sugar and salt to attract more customers, and will help Charlse to generate greater profits and pay his children's school fees and medical bills. Charlse hopes that in the future he will be able to build a big commercial house.
Charlse is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Charlse 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.