BRAC, MasterCard Launch COVID 19 Recovery Program

With the easing of the lockdown and slow recovery of the economy impacted by the  Covid-19 pandemic, BRAC Uganda Bank and BRAC Uganda NGO with support from Mastercard Foundation have launched the ‘COVID Recovery and Resilience Program’ to enable COVID-19 Prevention activities, support recovery of Micro, small and medium Enterprises that were greatly affected by the pandemic and to provide digital solutions for the BRAC Uganda Bank Clients.

The project will also launch e-learning services for MasterCard Secondary School Scholars; a mobile push and pull solution to address operational needs and deliver financial and digital literacy; refinancing  BRAC Uganda micro-borrowers whose businesses have been severely disrupted by COVID-19, and provide digital training and safety protocols to improve BRAC’s Health Program for current and future outbreaks.

Jimmy Onesmus Adiga, the Managing Director of BRAC Uganda Bank said the project is intended to enhance economic access and recovery of 5,400 group borrowers (100% of them women) with access to microloans at a discounted interest rate.

Read more: EABW News



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