Fedinati is 30 years old and lives in the town of Arua 1 in the Arua region of Uganda. He is single and has one child. For the past seven years, Fedinati has been working hard to manage his retail shop, which sells phone accessories.
To help expand his business, Fedinati has requested a loan of 3000000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more phone accessories to sell, and will help Fedinati to generate greater profits and provide enough medication for his parents and his young child. Fedinati hopes that in the future, he will be able to increase his stock and will also be able to borrow more money from Brac.
Fedinati is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Fedinati 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.