Gladys is 32 years old and lives in the town of Fortportal, Uganda. She is single and has two children, both of whom are currently in school. For the past eight years, Gladys has been working hard to manage her grocery store, which sells eggs, soap, and other everyday needs.
To help expand her business, Gladys has requested a loan of 2,000,000 UGX from BRAC Uganda. The loan will be used to purchase more items for her shop. This will help Gladys to generate greater profits, increase her returns, and start another business. Gladys hopes that in the future she will be able to be self-reliant.
Gladys is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Gladys 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.