BRAC in Uganda, the country’s largest non-governmental development organisation, has been honoured as the Best Visionary Microfinance Bank 2017. The 5th Visionaries of Uganda Awards ceremony was held at the Kampala Serena Hotel on December 7, 2017.
The award was given to BRAC by the People of the Republic of Uganda for their outstanding contribution towards Uganda’s middle income status aspiration 2020 and Vision 2040, in a ceremony presided over by His Excellency, Edward Ssekandi Kiwanuka, the Vice President of the Republic of Uganda.
The Visionary of Uganda Awards was launched in 2013 by His Excellency Yoweri Kaguta Museveni, the President of the Republic of Uganda, to award institutions and organisations that contribute towards the social economic transformation of Uganda.
The awards were sponsored by various institutions including the National Planning Authority, Ministry of Agriculture, Mediciens Frontieres and Compuscan CRB Limited. The awards drew over 40 participants including both private and government organisations covering sectors such as health, education, agriculture, microfinance and banking.
BRAC in Uganda provides access to finance and livelihood development services to small entrepreneurs through small enterprise loans. These loans enable them to expand their businesses. These awards are confirmation that alongside growth, BRAC is putting emphasis on providing microfinance solutions to shape and uplift Uganda’s economy.