Fatuma is 28 years old and lives in the town of Kibuli in the Kampala South region of Uganda. She is married and has one child who is currently in school. For the past eight years, Fatuma has been working hard to manage her beauty salon, where she does hairdressing.
To help expand her business, Fatuma has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more hair relaxers for her beauty salon and will help Fatuma to generate greater profits and take good care of her child. Fatuma hopes that in the future, she will be able to expand the beauty salon into a bigger parlor.
Fatuma is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Fatuma 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.