Teddy is 54 years old and lives in the town of Seeta in the Mukono region of Uganda. She is married and has four children, two of them are currently in school. For the past 10 years, Teddy has been working hard to manage her small retail shop, which sells charcoal.
To help expand her business, Teddy has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to stock more sacks of charcoal to sell, and will help Teddy to generate greater profits and start collecting charcoal from the forest on her own rather than sending other people to do that for her. Teddy hopes that in the future she will be able to improve on their standards of living.
Teddy is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Teddy 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.