Margret is 38 years old and lives in the town of Mukono in the Mukono region of Uganda. She is married and has five children who are currently in school. For the past 12 years, Margret has been working hard to manage her restaurant, which sells cooked food.
To help expand her business, Margret has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to stock more food in the restaurant to sell, and will help Margret generate greater profits and pay her children's school fees. Margret hopes that in the future, she will be able to expand the business into a motel.
Margret is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Margret 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.