Loy P. is 35 years old, and she lives in the town of Bulenga in the region of Kampala North in Uganda. She is married, with three children, two of them in school.
For the past two years, Loy P. has been working hard to manage her hardware store, which sell house construction materials.
To help expand her business, she has requested a loan of UGX 3,000,000 from BRAC Uganda. The loan will be used to purchase more house construction materials, and it will help Loy P. generate greater profits and pay her children's school fees.
Loy P. hopes that in the future, she will be able to expand her business and become the biggest supplier in town.
She is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Loy P. 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.