BRAC Uganda reaches 100,000 microfinance borrowers in less than 3.5 Years

Congratulations to the great work BRAC Uganda is doing in providing microcredit to East Africa!

Dr. Fazle Hasan Abed, the Founder and Chairperson of BRAC disbursed BRAC Uganda’s first ever loan in June 2006 at the Iganga branch.Dr. Abed is also serving on MCS’ Regional Advisory Committee for the upcoming Africa-Middle East Regional Microcredit Summit, April 2010 in Nairobi, Kenya.

From their announcement:

“BRAC Uganda has set a remarkable record by reaching 100,000 borrowers in less than 3.5 years since that start of its microfinance operations in Uganda in June 2006. With an average annual borrower growth rate of 139%, BRAC Uganda is in the company of other rapidly growing microfinance institutions in world.”