Michael is 34 years old and lives in the town of Arua hill in the Arua region of Uganda. He is married and has 6 children, 4 of whom are currently in school. For the past 3 years, Michael has been working hard to manage his small business, which does welding.
To help expand his business, Michael has requested a loan of 2000000 UGX from BRAC Uganda. He will use this loan to buy more metal materials to make doors and windows. This will help Michael generate greater profits and pay his children's school fees. Michael hopes that in the future he will be able to send his children to a better school.
Michael is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Michael 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.