Faima is 30 years old and lives in the town of Iganga, in the Iganga region of Uganda. She is married and has 3 children who are all currently in school. For the past 4 years, Faima has been working hard to manage her salon, which does hair dressing.
To help expand her business, Faima has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy a bigger dryer and more hair extensions, and will help Faima to generate greater profits and improve on her family stardands of living and pay for her medical bills. Faima hopes that in the future she will be able to open up another big salon in town.
Faima is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Faima 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.