Faridah is 29 years old and lives in the town of Bulenga in the region of Kampala North in Uganda. She is married and has two children who are both currently in school. For the past seven years, Faridah has been working hard to manage her drug shop, which sells human medicine and cosmetics.
To help expand her business, Faridah has requested a loan of 3,000,000 Ugandan shillings (UGX) from BRAC Uganda. The loan will be used to purchase more human medicine and cosmetics for sale, and will help Faridah to generate greater profits and growth in business. Faridah hopes that in the future she will be able to expand the business.
Faridah is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Faridah 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.