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Total loan: $1,000
Kalerwe, Central Region, Uganda / Retail
Flag of Uganda
Annet's loan finished fundraising,
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A loan helped to increase on the capital stock and buy more posho, sugar, juice, rice, beans, and curry powder.
Annet is 42 years old and lives in the town of Kalerwe in the region of Kampala East in Uganda. She is married and has three children, two of whom are currently in school. For the past ten years, Annet has been working hard to manage her retail shop, in which she sells home use products like posho, sugar, juice, rice, beans and curry powder. To help expand her business, Annet has requested a loan of 2,500,000 Ugandan Shillings (UGX) from BRAC Uganda. The loan will be used to increase on the capital stock and buy more beans, milk, posho, sugar, juice, rice, and curry powder, and will help Annet to generate greater profits and open up a bigger retail shop. Annet hopes that in the future, she will be able to start up a mini supermarket. Annet is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Annet who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.