John, age 34, runs a retail shop that sells such essential commodities as sugar, soap, milk, and bread. He has owned and operated this business for the past five years. He lives in the town of Seeta in the Mukono region of Uganda with his wife and their four children, all of whom are currently enrolled in school. He works hard to support his family.
To help expand his business, John has requested a loan in the amount of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more essential commodities to offer for sale in his shop. This will help John to generate greater profits and pay his children's school fees.
In the future, John would like to be able to afford to construct rental houses.
John is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like John 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.