Mike is 45 years old and lives in the town of Lira in the Soroti region of Uganda. He is married and has five children with four of them currently in school. For the past fivw years, Mike has been working hard to manage his agriculture produce business, which deals in produce.
To help expand his business, Mike has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy beans, rice, groundnuts, and soya beans, and will help Mike to generate greater profits and expand the business. Mike hopes that in the future he will be able to open up another outlet.
Mike is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Mike 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.