Difasi is 32 years old and lives in the town of Mbale in Uganda. He is married and has who children who are currently in school. For the past ten years, Difasi has been working hard to manage his retail store which sells sugar, flour, rice and others.
To help expand his business, Difasi has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to increase his stock and buy sugar and cooking oil for the store. This will help Difasi generate greater profits and boost the business. He hopes that in the future he will be able to be self reliant.
Difasi is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like him 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.