Saulo is 35 years old and lives in the town of Matuga in the Luweero region of Uganda. He is married and has 3 children; 2 are currently in school. For the past 10 years, Saulo has been working hard to manage his grocery store, which sells processed and unprocessed food items.
To help expand his business, Saulo has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more maize and rice for resale, and will help Saulo to generate greater profits and improve the standards of living for his family. Saulo hopes that in the future he will be able to get contracts with school programs and to become the largest supplier of products like flour in all of Matuga.
Saulo is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Saulo who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.
About BRAC Uganda
This loan is administered by BRAC Uganda, a registered non-governmental organization (NGO) in Uganda that is also a part of the BRAC international network. BRAC Uganda attempts to address poverty through a holistic model, offering programs in education, health, water & sanitation, agriculture, and microfinance. BRAC Uganda’s microfinance program aims to provide the poor with easy, reliable, and efficient access to institutional financial services, and reaches over 150,000 families in Uganda. For more on BRAC Uganda, please see our partner page, and join our lending team, Friends of BRAC Uganda.