Yusuf is 39 years old, married, and has four children who attend school. He lives in Lugazi in the Mukono region of Uganda. For the past two years, Yusuf has been working hard to manage his bar, selling drinks and beverages.
To help expand his business, Yusuf requested a loan from BRAC Uganda for 2,500,000 Ugandan Shillings, which he will use to buy more beverages. The loan will help Yusuf to generate greater profits and boost the income level of the family. He hopes that in the future he will be able to become self reliant.
Yusuf is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Yusuf 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.