Milton is 30 years old and lives in the town of Entebbe in the region of Kampala west in Uganda. He is married and has two children with neither of them currently in school.
For the past three years, Milton has been working hard to manage his timber factory, which sells timber. To help expand his business, Milton has requested a loan of 2,500,000 UGX from BRAC Uganda. The loan will be used to buy more stock, and it will help Milton to generate greater profits and complete his house and improve his standard of living. Milton hopes that in the future he will be able to increase sales and profits.
Milton is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Milton 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.