Sarah Betty is 32 years old and lives in the town of Nakifuma in the Mukono region of Uganda. She is married and has two children who are both currently in school. For the past seven years, Betty has been working hard to manage her retail shop, which sells stationery.
To help expand her business, Betty has requested a loan of 3,000,000 UGX (Ugandan Shillings) from BRAC Uganda. The loan will be used to purchase more files, pens, reams of paper to sell. It will also help Betty to generate greater profits and pay for her children's school fees and their basic needs. Betty hopes that in the future she will be able to expand the business into a wholesale stationery shop.
Betty is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Betty 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.