Gulibyo is 47 years old and lives in the town of Pallisa in the region of Mbale in Uganda. He is married and has five children, three of whom are currently in school. For the past 10 years, Gulibyo has been working hard to manage his grocery shop where he sells sugar, pads, soap, salt, bread sweets, oil, Vaseline, and eggs.
To help expand his business, Gulibyo has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more sugar, pads, soap, salt, bread, sweets, oil, Vaseline and eggs, and will help Gulibyo to generate greater profits and increase stock to get more income for school fees. Gulibyo hopes that in the future, he will be able to own a wholesale shop.
Gulibyo is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Gulibyo 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.