Beatrice is 29 years old, married, and has three children who attend school. She lives in the town of Kinubi in the hoima region of Uganda. For the past two years, Beatrice has been working hard to manage her retail shop, which sells general household items.
To help expand her business, Beatrice is requesting a loan from BRAC Uganda for 2,000,000 Ugandan Shillings, which she will use to buy more household materials. This loan will help Beatrice to generate greater profits and pay her children's school fees. Beatrice hopes that in the future she will be able to complete her residential house.
Beatrice is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Beatrice 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.