For the past six years, Margret has been working hard to manage her stationery shop, which sells books, pens, counter books, markers, toners, etc.
To help expand the business, Margret has requested a loan of 700,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more stationery items, and it will help Margret to generate greater profits and educate her siblings.
Margret hopes that in the future she will be able to open up a supermarket.
More information about this loan
This loan is part of BRAC Uganda's Empowerment and Livelihood for Adolescents (ELA) program geared toward helping young women realize their full potential. The comprehensive curriculum of the ELA program includes training in life skills and the creation of adolescent clubs for ELA participants to discuss social issues and play games. Older ELA members are offered training in specific income-generating activities and can receive microfinance loans to support their enterprises. The ELA program has expanded rapidly since the beginning of 2008. Today, there are over 1,000 adolescent clubs reaching more than 40,000 young women across Uganda.
About BRAC UgandaThis 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.
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This loan has been fully funded!