Living Stone is 30 years old and lives in the town of Mubende in the Mubende region of Uganda. He is married and has one child, who is currently in school. For the past three years, he has been working hard to manage his small business, which sells hardware.
To help expand his business, he has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more iron sheets and cement to sell, and will help him generate greater profits and improve his family's stardand of living. Living Stone hopes that in the future he will be able to build rental houses.
Living Stone is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like him who do not have enough collateral for commercial loans, but whose businesses 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.