James is 32 years old and lives in the town of Namutumba, in the Iganga region of Uganda. He is married and has 4 children, with 3 of them currently in school. For the past 5 years, James has been working hard to manage his retail shop, which sells items such as sugar, salt, and cooking oil.
To help expand his business, James has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more essential commodities such as milk, cooking oil, sugar, and salt to attract more customers, and will help James to generate greater profits and pay the school fees for his children. James hopes that in the future he will be able to have a fully stocked shop and that all the customers will buy from him.
James is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like James 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.