Yusuf is 30 years old and lives in the town of Bombo in the Luwero region of Uganda. He is married and has 2 children, neither of them currently in school. For the past 4 years, Yusuf has been working hard to manage his retail shop, which sells sugar, salt, beans, posho (maize flour) and soap.
To help expand his business, Yusuf has requested a loan of 2,000,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy sugar, salt, beans, posho and soap, and will help Yusuf to generate greater profits and earn a higher income. Yusuf hopes that, in the future, he will be able to expand his business.
Yusuf is a member of BRAC's Small Enterprise Program (SEP). The program primarily serves small entrepreneurs like Yusuf 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.