Jacent is 36 years old and lives in the town of Maganjo in the Luwero region of Uganda. She is married and has three children; two of whom are currently in school. For the past 4 years, Jacent has been working hard to manage her bar and restaurant, which sells soft drinks and wines.
To help expand her business, Jacent has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy beer, wine and other drinks for her business, and will help her to generate greater profits, boost the business and increase her income. Jacent hopes that in the future she will be able to build a bigger place for the hotel.
Jacent is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Jacent 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.