Joyce
A loan of $700 helps to buy more charcoal.
Joyce's story
Joyce is 55 years old and lives in the town of Matugga in the Matugga region of Uganda. She is married and has two children with neither of them currently in school.
For the past 20 years, Joyce has been working hard to manage her charcoal-selling business. To help expand her business, Joyce has requested a loan of 2,500,000 Ugandan Shillings from BRAC Uganda. The loan will be used to buy more charcoal, and will help Joyce to generate greater profits and will be able to increase her income. Joyce hopes that in the future she will be able to expand her business.
She is a member of BRAC's Microfinance Program (MF). The program primarily serves small group members, like Joyce, who do not have collateral for commercial loans, but do have businesses that have grown and qualify for microloans.