A loan of $1,150 helped to boost the business and stock more sacks of charcoal.

Fred's story

Fred is 44 years old and lives in the town of Seeta, in the Mukono region of Uganda. He is married and has five children, four of whom are currently in school. For the past three years, Fred has been working hard to manage his small business in which he sells charcoal.

To help expand his business, Fred has requested a loan of UGX 3,000,000 (Ugandan shillings) from BRAC Uganda. The loan will be used to boost the business and stock more sacks of charcoal and will help Fred to generate greater profits and improve on standards of living. Fred hopes that, in the future, he will be able to expand on his business.

Fred is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs, like Fred, who do not have enough collateral for commercial loans, but have businesses that have grown too large for microloans.

Loan details

Lenders and lending teams

Loan details