Dennis is 31 years old and lives in the town of Kalerwe in the Kampala East region of Uganda. He is single and has three children who are all currently in school. For the past 15 years, Dennis has been working hard to manage his electronics store, where he sells phone accessories.
To help expand his business, Dennis has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to increase his working capital, and will help Dennis to generate greater profits so he can then expand his business. Dennis hopes that in the future, he will be able to grow his business.
Dennis is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Dennis, 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.