Nichelas is 32 years old and lives in the town of Lyantonde in the Mbarara region of Uganda. He is married and has 2 children. For the past 10 years, Nichelas has been working hard to manage his dairy farm, which includes cattle that produce milk and cheese.
To help expand his business, Nichelas has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more cattle feeds that will help increase the production of milk and cheese for resale. The increase will help Nichelas to generate greater profits enabling him to improve his family's standard of living and pay for his medical bills. Nichelas hopes that in the future he will be able to to have the best cattle breeds in the whole village.
Nichelas is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Nichelas who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro-loans.
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.