Mohammad is 30 years old and lives in the town of Busia in the Iganga region of Uganda. He is married and has five children, three of whom currently attend school. For the past five years, Mohammad has been working hard to manage his boutique, which sells men's clothing.
To help expand his business, Mohammad has requested a loan of 3,000,000 UGX from BRAC Uganda. The loan will be used to purchase different types of clothes to sell, and will help Mohammad to generate greater profits. Mohammad hopes that in the future he will be able to have a big business.
Mohammad is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Mohammad 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.