Christine, age 41, runs a charcoal sales business. She lives in the town of Seeta in the Mukono region of Uganda with her husband and five children. Two of the children are currently enrolled in school. Christine has been running her business for the past five years.
To help expand her business, Christine has requested a loan in the amount of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more charcoal to offer for sale, which will in turn help Christine to generate greater profits and improve her family's standard of living. Christine hopes to become a powerful local entrepreneur in the future.
Christine is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Christine 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.