Grace is 35 years old and lives in the town of Busia in the region of Uganda. She is married and has two children, who are currently in school.
For the past five years, Grace has been working hard to manage her retail shop, which sells sugar, salt, and other foodstuffs.
To help expand her business, Grace has requested a loan of UGX 2,000,000 from BRAC Uganda. The loan will be used buy more foodstuffs for the shop, and it will help Grace to generate greater profits and pay for the education of her children.
Grace hopes that in the future she will be able to start selling fish.
Grace is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Grace 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.