Simon is 27 years old, married, and has three children, one of whom attends school. He lives in the town of Koboko in Uganda. For the past eight years, Simon has been working hard to manage his retail store, which sells sugar, flour, rice, and other items.
To expand his business, Simon is requesting a loan from BRAC Uganda for 2,000,000 Ugandan Shillings, which he will use to stock more goods such as cooking oil and sweets. This loan will help Simon to generate greater profits and expand his business to the wholesale level. Simon hopes that in the future he will be able to open a big shop.
Simon is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Simon 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.