Peter is 35 years old and lives in the town of Kumi in the Mbale region of Uganda. He is married and has three children with two of them currently in school. For the past five years, Peter has been working hard to manage his retail shop where he sells food and home supplies to local customers.
To help expand his business, Peter is requesting a 2,000,000 UGX loan from BRAC Uganda to buy more essential commodities like sugar for resale. His loan will help Peter to generate greater profits and pay his son's primary school fees. Peter hopes that in the future he will be able to transition his business into wholesale.
Peter is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Peter 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.