Moses is 40 years old and lives in the Arua region of Uganda. He is married and has six children, with five of them currently in school. For the past eight years, Moses has been working hard to manage his business of selling timber.
To help expand his business, Moses has requested a loan of 3,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to purchase more trees and will help Moses to generate greater profits and pay school fees for his children. Moses hopes that in the future he will be able to start supplying lumber to nearby districts.
Moses is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Moses who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro loans micro loans.
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.