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BRAC is a Bangladeshi NGO that launched microfinance activities in Uganda in 2006, as part of BRAC Uganda’s social development programs. It became a deposit-taking institution in 2019. BRAC Uganda has the largest branch network in the country and provides inclusive financial services to low-income communities, mainly women and girls living in rural and hard-to-reach communities, to enable them to build sustainable livelihoods.
With a population of 48 million, Uganda is the third-largest economy in East Africa, after Kenya and Tanzania. After going through a difficult period until the 1980s, the country has achieved impressive economic performance over the last few decades. Uganda managed the post-pandemic recovery well and has remained resilient in the face of global economic challenges. Agriculture remains the backbone of the Ugandan economy, employing 66% of the population, with coffee being one of the main export resources. Despite this positive trend, poverty persists, with 60% of the population living below the global threshold of $3 PPP/day.
Brac Uganda strives to responsibly provide a range of financial services to those at the bottom of the pyramid in Uganda. It focuses particularly on women living in poverty in rural and hard-to-reach areas to create self-employment opportunities, strengthen their financial resilience, and enhance their entrepreneurial spirit by empowering them economically.
