Ivan is 30 years old and lives in the town of Kitintale in the Kampala region of Uganda. He is married and has two children neither of whom are currently in school. For the past two years, Ivan has been working hard to manage his retail shop, which sells items like sugar, rice, posho (or ugali, made from cassava or maize), sodas, salt, mineral water, soap, beer, cooking oil, toilet paper, millet flour, etc.
To help expand his business, Ivan has requested a loan of 4,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to buy items like sugar, rice, posho, sodas, salt, mineral water, soap, beer, cooking oil, toilet paper, millet flour, etc. to sell. This will help Ivan to generate greater profits and boost the business. He hopes that in the future, he will be able to expand the business.
Ivan is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Ivan 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.