Hassan is 40 years old and lives in the town of Mukono in the Mukono region of Uganda. He is married and has four children, two of whom are currently in school. For the past five years, Hassan has been working hard to manage his retail store, where he sells sugar, flour, rice, and other items.
To help expand his business, Hassan has requested a loan of UGX 2,000,000 (Ugandan shillings) from BRAC Uganda. The loan will be used to pay rent for his shop and will help Hassan to generate greater profits and increase the family's income. Hassan hopes that, in the future, he will be able to buy land.
Hassan is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Hassan, 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.