Margret is 30 years old and is married with one child. She lives in the town of Kisekende in the Mubende region of Uganda. For the past five years, Margret has been working hard to manage her small shop where she sells plastic household items.
Margret is requesting a 2,000,000 UGX loan from BRAC Uganda to buy more plastic items to sell. Her loan will help her to generate greater profits and improve her family's standards of living. Margret hopes that in the future she will be able to construct over 10 rental houses to provide 100,000 UGX each month.
Margret is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Margret 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.