Apollo is 35 years old and lives in the town of Mbale in the Mbale region of Uganda. He is married and has three children with two of them currently in school. For the past three years, Apollo has been working hard to manage his retail shop, which sells soap, sugar, milk and bread, etc.
To help expand his business, Apollo has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more maize, rice, sugar and soap to sell, and will help Apollo to generate greater profits and pay school fees and basic needs for his family. Apollo hopes that in the future he will be able to become a rich businessman in his town.
Apollo is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Apollo 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.