Tadeo is 30 years old and lives in the town of Kacwamba in the Fort Portal region of Uganda. He is married and has three children with two of them currently in school. For the past five years, Tadeo has been working hard to manage his grocery shop, which sells grocery items, soft drinks and stationery.
To help expand his business, Tadeo has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to stock beer, soda and other stationery items, and will help Tadeo to generate greater profits and increase borrower capital. Tadeo hopes that in the future he will be able to acquire profits.
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.