Miriam is 38 years old and lives in the town of Nakifuma in the Mukono region of Uganda. She is married and has one child who is currently in school. For the past five years, Miriam has been working hard to manage her boutique, which sells children's clothes.
To help expand her business, Miriam has requested a loan of 2,500,000 UGX from BRAC Uganda. The loan will be used to buy more clothes for resale, and will help Miriam to generate greater profits and increase her standard of living. Miriam hopes that in the future she will be able to start up another boutique.
Miriam is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Miriam 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.