Rhona is 42 years old and lives in the town of Wakiso in the Kampala region of Uganda. She is married and has three children who are all currently in school. For the past six years, Rhona has been working hard to manage her salon, which deals in hair dressing.
To help expand her business, Rhona has requested a loan of 2,000,000 Ugandan Shillings (UGX) from BRAC Uganda. The loan will be used to buy chemicals, weaves, and braids. This will help Rhona to generate greater profits and increase stock. Rhona hopes that in the future she will be able to set up another beauty shop.
Rhona is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Rhona 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.