Paul is 39 years old and lives in the town of Bungokho, in the region of Mbalem, in Uganda. He is married and has 5 children with 4 of them currently in school. For the past 10 years, Paul has been working hard to manage his farming business, where he raises cattle.
To help expand his business, Paul has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy vaccination medicines, feeds, more cows and will help Paul to generate greater profits and provide good quality meat and milk for his customers. Paul hopes that in the future he will be able to boost his business and educate his children.
Paul is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Paul 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.