Betty is 40 years old and lives in the town of Kitintale in the Kampala region of south Uganda. She is married and has 3 children, two of which are currently in school. For the past 2 years, Betty has been working hard to manage her retail shop which sells posho, beans, rice, and sugar.
To help expand her business, Betty has requested a loan of 3,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy stock like sugar, beans, and rice, and will help Betty to generate greater profits which will be used to pay school fees. Betty hopes that in the future, she will be able to open up a wholesale shop.
Betty is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Betty 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.