Caroline is 37 years old and lives in the town of Pallisa, in the Iganga region of Uganda. She is single and has 3 children, with 2 of them currently in school. For the past 3 years, Caroline has been working hard to manage her pharmacy, which sells drugs.
To help expand her business, Caroline has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more items such as Pampers, cotton wool, Panadol, and Septrin for patients, and will help Caroline to generate greater profits and pay for her children's school fees. Caroline hopes that in the future she will be able to start up another drugshop within town.
Caroline is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Caroline 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.