Elias lives in the town of Ibanda in the Fort Portal region of Uganda. He is married and has two children who are both currently in school. For the past three years, Elias has been working hard to manage his restaurant, which serves local foods for all meals.
To help expand his business, Elias has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more foods to cook and serve like "matoke" (plantains), beans and cassava, and will help Elias to generate greater profits and grow his daily income. Elias hopes that in the future he will be able to enlarge his restaurant.
Elias is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Elias 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.