Godfrey is 31 years old and lives in the town of Koboko in the Arua region of Uganda. He is married and has four children, two of whom are currently in school. For the past 12 years, Godfrey has been working hard to manage his retail shop.
To help expand his business, Godfrey has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to purchase more commodities such as sugar, soap and wheat flour and will help Godfrey to generate greater profits and buy more stock in bulk at a reduced price. This will help him save more and have a better standard of living. Godfrey hopes that in the future he will be able to own a whole sale shop.
Godfrey is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Godfrey who do not have enough collateral for commercial loans, but have businesses that have grown too large for micro loans.
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.