Jacob is 49 years old and lives in the town of Kireka in the south region of Kampala, Uganda. He is married and has three children, one of whom is currently in school. For the past six years, Jacob has been working hard to manage his bar, which sells soda, beer and spirits.
To help expand his business, Jacob has requested a loan of 2000000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more stock of soda, beer and spirits and will help Jacob to generate greater profits and increase his income. Jacob hopes that in the future he will be able to open a hardware store.
Jacob is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Jacob 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.