Emmanuel is 52 years old and lives in the town of Bulenga, in the Kampala region of Uganda. He is married and has two children who are both currently in school. For the past 30 years, Emmanuel has been working hard to manage his retail shop, in which he sells electrical items.
To help expand his business, Emmanuel has requested a loan of 2500000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more electric items to sell, and will help Emmanuel to generate greater profits and pay school fees for his children. Emmanuel hopes that in the future he will be able to expand his electrical shop.
Emmanuel is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Emmanuel 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.