BRAC UGANDA BANK LTD
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
BRAC Uganda Microfinance Ltd is a Ugandan microfinance institution targeting the base of the pyramid. It is related to BRAC NGO and therefore has a combined focus on economic and social development. Through an extensive network in rural areas, BRAC Uganda offers small enterprise loans to entrepreneurs seeking to expand small businesses.
What is our funding objective?
The project supports the ongoing response efforts by BRAC Uganda and its partners to address the immediate challenges and the long-term impacts of the COVID-19 pandemic in Uganda regarding i) community sensitisation and health awareness-raising, ii) enhancing communication channels for client engagement, and iii) delivering training to staff on prevention and control, delinquency collection and business recovery management, as well as training on financial literacy to clients.
Why do we fund this investment?
The proposed interventions are aligned with BRAC’s strategic framework and the Emergency Grant Facility's priority areas as it aims to strengthen BRAC Uganda’s business model and operations, and to provide greater access of clients to critical financial services so they can mitigate the economic impacts of the crisis and rebuild their livelihoods.
More investments
| Date | Total FMO financing |
|---|---|
| 6/21/2022 | USD 6.00 MLN |
- Region
- Africa
- Country
- Uganda
- Sector
- Financial Institutions
- Effective date
- 10/1/2020
- Total FMO financing
- EUR 0.10 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C