Due to scarcity and skyrocketing fuel prices, Michael is using the loan proceeds to increase his stock of petrol and diesel so as to meet customer demand. His ambition is to open up a fuel station with large fuel reserves. It is the income from the business that enables him to provide for his family.
About BRAC UgandaThis 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.
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