Frank is 33 years old and lives in the town of Kireka, in the Kampala South region of Uganda. He is married and has four children; two of the children are currently in school. For the past six years, Frank has been working hard to manage his retail shop, which sells sugar, maize flour, and cooking oil.
In order to help expand his business, Frank has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. He will use the loan to buy more stock, such as cooking oil, sugar, and maize flour, to resell in his business. This use of the loan will help Frank to generate greater profits with his business. Frank hopes that in the future he will be able to open a bigger business.
Frank is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Frank, 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.