Maria is 40 years old and lives in the town of Wakiso in the Kampala region of Uganda. She is married and has six children who are all currently in school. For the past 15 years, Maria has been working hard to manage her hardware business, which sells bricks, cement, hoes, and ropes.
To help expand her business, Maria has requested a loan of 4,000,000 Ugandan Shillings (UGX) from BRAC Uganda. The loan will be used to buy bricks, cement, hoes, and ropes. This will help Maria to generate greater profits and increase stock. Maria hopes that in the future she will be able to open up another hardware store.
Maria is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Maria 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.