Annet is 48 years old and lives in the town of Kisekende in the Mubende region of Uganda. She is married and has four children. For the past 15 years, Annet has been working hard to manage her bar, which sells drinks such as beer, lemonade, wine and spirits.
To help expand her business, Annet has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to stock more drinks to sell, such as beer, lemonade, and wine. The loan will help Annet to generate greater profits and improve her family's standard of living. Annet hopes that in the future she will be able to open up a restaurant.
Annet is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Annet 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.