Frank is 41 years old and lives in the town of Kasese in the Kasese region of Uganda. He is married and has two children who are both currently in school. For the past 14 years, Frank has been working hard to manage his retail shop, which sells sugar, flour, rice and other items.
To help expand his business, Frank has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to pay rent for the shop and also to buy more commodities to sell. This will help Frank to generate greater profits and increase the family's income. Frank hopes that in the future he will be able to be more productive.
Frank is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Frank 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.