Mariam is 46 years old and lives in the town of Masindi in the Hoima region of Uganda. She has two children. For the past two years, Mariam has been working hard to manage her clothing store.
To help expand her business, Mariam has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more clothes to sell, and will help Mariam to generate greater profits and increase the stock in the business. Mariam hopes that in the future, she will be able to expand the business.
Mariam is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small-scale entrepreneurs like Mariam 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.