A loan of $800 helped to buy more metal scrap for resale.

Fred's story

Fred is 32 years old and lives in the town of Kamuli in the Jinja region of Uganda. He is married and has four children, one of whom is currently in school. For the past two years, Fred has been working hard to manage his small shop, which buys old metal materials to recycle and sell.

To help expand his business, Fred has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more metal scrap for resale, and will help Fred to generate greater profits and pay school fees for his children. Fred hopes that in the future he will be able to expand his business more.

Fred is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Fred, 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