Jonathan is 33 years old and lives in the town of Rukoki, in the Fort Portal region of Uganda. He is married and has one child who is currently in school. For the past six years, Jonathan has been working hard to manage his retail shop, where he sells essential commodities.
To help expand his business, Jonathan has requested a loan of UGX 3,000,000 (Ugandan shillings) from BRAC Uganda. The loan will be used to buy more essential goods for the business, like sugar and salt, and will help Jonathan to generate greater profits and stock more goods in the shop to sell. Jonathan hopes that, in the future, he will be able to own a big retail shop.
Jonathan is a member of BRAC Uganda's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Jonathan, 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.