Yairo is 35 years old and lives in the town of Kumi in the Soroti region of Uganda. He is married and has five children, four currently in school. For the past six years, Yairo has been working hard to manage his spare parts business, which sells tubes, rings, oil and other items.
To help expand his business, Yairo has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy tubes, rings, oil and other spare items and will help Yairo generate greater profits and boost his working capital. Yairo hopes that in the future, he will be able to expand his shop.
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.