Margret is 40 years old and lives in the town of Rukoki in the Fortportal region of Uganda. She is married and has 3 children, 2 attend school.
For the past 3 years, Margret has worked hard to manage her retail shop which sells soda, bread, juice, sugar, soap, detergent, cooking oil, eggs and other items.
To help expand her business, Margret requests a loan of 2,000,000 UGX from BRAC Uganda. The loan will be used to buy soda, bread, juice, sugar, soap, detergent, cooking oil, eggs, and other item. It will help Margret to generate greater profits and increase her standard of living.
Margret hopes that in the future, she will be able to expand the business into a super market.
Margret is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Margret who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro-loans.
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.