100%

funded

Total loan: $850

Alice

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Matuga, Central Region, Uganda / Food

Alice's loan finished fundraising,
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A loan helped to purchase more green bananas and cassava to increase her sales.


Alice's story

Alice is 34 years old and lives in the town of Mattuga in the Kawempe region of Uganda. She is married and has six children with four of them currently in school. For the past seven years, Alice has been working hard to manage her grocery store, which sells raw food like tomatoes and green bananas (plantains).

To help expand her business, Alice has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase for more green bananas and cassava to increase her sales. This will help Alice to generate greater profits, and her production will increase and attract more revenue. She will manage to buy food for her family and clothes for her children and herself. Alice hopes that in the future she will be able to start another business of a hardware shop or a retail shop.

Alice is a member of BRAC's Microfinance program (MF). The program primarily serves small group members like Alice who do not have collateral for commercial loans, but have businesses that have grown and qualify for microloans.