Peter is 39 years old and lives in the town of Kireka in Uganda. He is married and has three children, of whom two are currently in school. For the past six years, Peter has been working hard to manage his workshop, where he manufactures sign posts, doors, and chairs.
To help expand his business, Peter has requested a loan of 3,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to buy more wood, metal, and other materials, and it will help Peter to generate greater profits and improve his family's well-being. Peter hopes that in the future he will be able to own a large company.
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 whose businesses 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.