Petre is 44 years old and lives in the town of Mityana in the Mubende region of Uganda. He is married and has 3 children who are all currently in school. For the past 4 years, Petre has been working hard to manage his retail shop, which sells sugar, soap, slippers, cups, plates and saucepans.
To help expand his business, Petre has requested a loan of 2,000,000 UGX from BRAC Uganda. The loan will be used to buy more essential commodities like milk, bread, sugar and soap to resell, helping Petre to generate greater profits and pay his children's school fees. Petre hopes that in the future he will be able to expand his business into a wholesale shop.
Petre is a member of BRAC's Small Enterprise Program (SEP). This program primarily serves small entrepreneurs like Petre 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.