A loan of $825 helped to increase his stock.

Ronald's story

Ronald is 29 years old and lives in the town of Masindi in the Hoima region of Uganda. He is married and has two children who are both currently in school. For the past four years, Ronald has been working hard to manage his motor shop, which deals in motor spares (new and second-hand), and he also does repairs.

To help expand his business, Ronald has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to increase his stock, which will help Ronald generate a greater profit. Ronald hopes that in the future he will be able to have a larger business and offer transportation services.

Ronald is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Ronald who do not have enough collateral for commercial loans, but they have businesses that have grown too large for microloans.

Loan details

Lenders and lending teams

Loan details