Hasifa is 45 years old and lives in the town of Kireka in Uganda. She is married and has five children who are all currently in school. For the past fifteen years, Hasifa has been working hard to manage her stone quarry, which mines stones and crushes them for gravel and other products.
To help expand her business, Hasifa has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more hammers and other equipment for stone extraction and crushing, and will help Hasifa to generate greater profits and pay her children's school fees. Hasifa hopes that in the future she will be able to open a retail shop.
Hasifa is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Hasifa 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.