Benedicto is 44 years old and lives in the town of Nakaloke in the region of Mbale in Uganda. He is married and has two children, neither currently in school.
For the past five years, Benedicto has been working hard to manage his sale of produce, which deals in produce and other items.
To help expand his business, he has requested a loan of UGX 3,000,000 from BRAC Uganda. The loan will be used to buy more produce. It will help Benedicto to generate greater profits for business expansion.
He hopes that in the future he will be able to have multiple businesses.
Benedicto is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Benedicto 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.