Stephen is 27 years old and lives in Kacwamba in the region of fortportal in Uganda. For the past two years, he has been working hard to manage his grocery business, selling home use items.
To help expand his business, Stephen is requesting a loan from BRAC Uganda for 2,000,000 Ugandan Shillings, which he will use to expand the business by buying more stock. This loan will help Stephen to generate greater profits and Increase capital. He hopes that in the future he will be able to become a great enterprenuer.
Stephen is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Stephen 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.