Parsiano is 34 years old and lives in the town of Lyantonde in the Mbarara region of Uganda. He is married and has 4 children, with 3 of them currently in school. In the past 12 years, Parsiano has been working hard to manage his bar and restaurant, which sells variety of different drinks such as lemonade and beer .
To help expand his business, Parsiano has requested a loan of 3,000,000 Ugandan shillings from BRAC Uganda. The loan will be used to obtain more stock of drinks such as lemonade for resale, and will help Parsiano to generate greater and increased profits to live a better life. Parsiano hopes that in the future he will be able to raise funds to make a bigger bar .
Parsiano is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Parsiano 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.