Patrick is 27 years old and lives in the town of Hoima in the Hoima region of Uganda. He is married and has one child. For the past 2 years, Patrick has been working hard to manage his bar, which sells drinks such as beer, water, spirits and soda.
To help expand his business, Patrick has requested a loan of 2500000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more crates of beer, soda and spirits to sell, and will help Patrick to generate greater profits and improve the family standards of living. Patrick hopes that in the future he will be able to buy another plot of land.
Patrick is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Patrick 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.