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Total loan: $800
Tororo, Eastern Region, Uganda / Retail
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James's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase more rice, beans and posho.
James is 42 years old and lives in the town of Tororo in Uganda. He is married and has seven children, with five of them currently in school. For the past ten years, James has been working hard to manage his retail shop, which sells posho (maize flour), beans, rice and other items. To help expand his business, James has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more rice, beans and posho and will help James to generate greater profits. The increase in his profits will hence pay his children's school fees and upkeep. James hopes that in the future, he will be able to educate his children. James is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like James who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.