Total loan: $1,100


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Kumi, Eastern Region, Uganda / Health

Michael's loan finished fundraising,
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A loan helped to buy and stock more medicines and baby syrups to sell in his convenience store.

Michael's story

Michael is 44 years old and lives in the town of Kumi in the Soroti region of Uganda. He is married and has 5 children, 4 of them currently in school. For the past 7 years Michael has been working hard to manage his pharmacy, selling medicines for human consumption.

To help expand his business, Michael has requested a loan of 4,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy and stock more drugs and baby syrups to sell in his convenience store. This will help Michael generate greater profits to buy food and pay school fees for his children. Michael hopes that in the future he will be able to own a bigger pharmacy.

Michael is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Michael who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.