Richard is 35 years old and lives in the Fort Portal region of Uganda. He is married and has two children who are all currently in school. For the past three years, Richard has been working hard to manage his grocery shop, which sells maize flour, cassava flour and cooking oil.
To help expand his business, Richard has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more maize flour, cassava flour and cooking oil. It will help Richard to generate greater profits and add capital to the business. Richard hopes that in the future, he will be able to acquire more assets.
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.