Alfred is 42 years old and lives in the town of Rukoki in the region of Fort Portal in Uganda. He is married and has four children, with three of them currently in school. For the past 10 years, Alfred has been working hard to manage his business where he sells produce.
To help expand his business, Alfred has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to add to the business and will help Alfred to generate greater profits and to increase his family's standard of living. Alfred hopes that in the future he will be able to expand the business.
Alfred is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Alfred 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.