Total loan: $400
Mbale, Eastern Region, Uganda / Retail
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A loan helped buy more cosmetic items.
Rachael is 40 years old and lives in the town of Mbale in the Mbale region of Uganda. She is married and has three children, who are all currently in school. For the past five years, Rachael has been working hard to manage her cosmetic shop, which sells cosmetic items. To help expand her business, Rachael has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more cosmetic items, and will help Rachael to generate greater profits and add capital to the business. Rachael hopes that in the future she will be able to build more rental houses. Rachael is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Rachael who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.