Margaret is 38 years old and lives in the town of Maganjo in the Luwero region of Uganda. She is single and has 7 children, with 3 of them currently in school. For the past 17 years, Margaret has been working hard to manage her retail shop, which sells sugar, flour, rice and other items.
To help expand her business, Margaret has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy and stock sugar, flour, rice and other items, and will help Margaret to generate greater profits and increase the income level of the family. Margaret hopes that in the future she will be able to look after her family.
Margaret is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Margaret who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro-loans.
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.