David is 48 years old and lives in the town of Pallisa in the Iganga region of Uganda. He is married and has six children with three of them currently in school. For the past 15 years, David has been working hard to manage his clothes store where he sells dresses and pants.
To help expand his business, David has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more clothes such as shirts to sell and will help David to generate a greater profit and Improve his standard of living. David hopes that in the future, he will be able to boost the business.
David is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like David 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.