A loan of $725 helped to buy spare parts for resale.

Fredrick's story

Fredrick is 55 years old and lives in the Luwero region of Uganda. He is married and has six children, four of whom are currently in school. For the past five years, Fredrick has been working hard to manage his small stall, where he sells spare mechanical parts for motorbikes and cars.

To help expand his business, Fredrick has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more spare parts for resale, and will help Fredrick to generate greater profits and to pay his children's school fees on time. Fredrick hopes that in the future he will be able to continue to grow his business until he has the biggest spare parts stall in Luwero.

Fredrick is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Fredrick who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.

Loan details

Lenders and lending teams

Loan details