100%

funded

Total loan: $300

Charles

Flag of Uganda
Soroti, Eastern Region, Uganda / Retail

Charles's loan finished fundraising,
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A loan helped to purchase for more sacks of sugar, salt, and maize flour to sell.


Charles's story

Charles is 51 years old and lives in the town of Soroti in the Soroti region of Uganda. He is married and has seven children, and four of them are currently in school. For the past 20 years, Charles has been working hard to manage his retail shop, which sells essential items like sugar, salt, cooking oil, and water.

To help expand his business, Charles has requested a loan of 2,000,000 UGX (Ugandan Shillings) from BRAC Uganda. The loan will be used to purchase for more sacks of sugar, salt, and maize flour to sell and will help him to generate greater profits, pay back the loan in time, buy food, pay house bills and other basic needs for his family. He hopes that in the future, he will be able to open up a very big supermarket and create jobs for his people in the community.

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