Irene is 30 years old and lives in the Mubende region of Uganda. She is married and has two children who are both currently in school. For the past three years, she has been working hard to manage her retail shop, which is located just off a busy highway and contains mostly food items for sale.
To help expand her business, Irene has requested a loan of 1,500,000 Ugandan Shillings from BRAC Uganda. She will use the loan to buy more foodstuffs to sell in her shop. This will help her increase her profits and pay for her children's school fees. In the future, she hopes to have one of the biggest and most prosperous businesses in town.
Irene is a member of BRAC's Small Enterprise Program (SEP). The program mainly serves small entrepreneurs 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.