Microfinance is the heart of BRAC’s integrated approach to alleviating poverty and helping Ugandan women in poverty realise their potential. They gather weekly in villages, towns and city neighbourhoods to make repayments on their loans and apply for new ones.
We lend to women who are not served by other microfinance institutions. Borrowers typically operate businesses that provide products or services to their local communities. We use the microfinance groups as a social platform to deliver scaled up services in health, education, business development and livelihood support, all critical components needed to ensure that people are given the opportunity to break the cycle of poverty.
We also offer small enterprise loans to entrepreneurs seeking to expand their businesses. The loans enable owners to create new employment opportunities and provide new services. Typically loans are given for trading, agriculture, poultry and livestock, fruit production and other types of small enterprises.