Farida is 42 years old and lives in the town of Iganga in the Iganga region of Uganda. She is single and has four children who are all currently in school. For the past four years, Farida has been working hard to manage her spare parts business, which sells motorcycle spare parts.
To help expand her business, Farida has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more spare parts to sell, and will help Farida to generate greater profits and have a constant supply. Farida hopes that in the future she will be able to be self-reliant .
Farida is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Farida 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.