Veronica is 46 years old and lives in the town of Kisekende in the Mubende region of Uganda. She is single and has 2 children. For the past 10 years, Veronica has been working hard to manage her garments shop, which sells clothing and other merchandise.
To help expand her business, Veronica has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more materials to make clothes, and will help Veronica to generate greater profits and provide for her family's basic needs. Veronica hopes that in the future she will be able to afford having a house, built for her and her family.
Veronica is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Veronica 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.