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Browsing: Brac Bank
Uganda’s Micro, small and medium enterprises (MSMEs) that have been greatly affected by the COVID-19 pandemic are going to access affordable credit to help them get back into business.
This is after the launch of the COVID-19 recovery and resilience programme by Brac Bank and Brac Uganda, a non-governmental Organisation, with support from Mastercard Foundation.
The program aims at supporting the recovery of Uganda’s MSMEs that have been greatly affected by the pandemic.
Speaking during the launch of the programme in Kampala, Jimmy Onesmus Adiga the managing director Brac Uganda Bank, said the programme is intended to improve economic access and recovery for 5,400 women group borrowers, with access to microloans at a low-interest rate.
He also added that the funds will help build the capacity of Brac’s 2,891 community health workers and ensure their safety as they work to reduce coronavirus infection rates.
George Matete the director Brac NGO …