Silver is 34 years old and lives in the town of Kasese in Fort Potal region in Uganda. He is married and has 5 children with 2 of them currently in school. For the past 15 years, Silver has been working hard to manage his coffee shop, which sells coffee. To help expand his business, Silver has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more coffee to sell, and will help Silver to generate greater profits and pay for school fees and his family's basic needs. Silver hopes that in the future he will be able to add capital to the business.
Silver is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Silver 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.