Peter is 32 years old and lives in the town of Bombo in the Luwero region of Uganda. He is married and has five children with three of them currently in school. For the past two years, Peter has been working hard to manage his retail shop, which sells sugar, maize flour, rice and water.
To help expand his business, Peter has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more items such as maize flour, sugar and rice to sell in the shop. This will help Peter to generate greater profits and take care of his children and other basic needs. Peter hopes that in the future he will be able to expand the business into a supermarket.
Peter is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Peter 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.