has crossed 100,000 borrowers in 3.5 years of its operation in Uganda, said in the BRAC`sÂ official blog .
Sarah Mukama, living in Mawuba village close to town of Bugembe, yesterdayÂ became BRAC Ugandaâ€™s 100,000th borrower. She borrowed 250,000 Ugandan Shillings (US $130), which she intends to use to buy insecticides and fertilizers for her crops. Mr. Ariful Islam, the Country Program Coordinator of BRAC Uganda personally disbursed Sarahâ€™s loan and congratulated her for becoming BRAC Ugandaâ€™s 100,000th borrower.
BRAC Uganda has reached 100,000 borrowers in less than 3.5 years with an average annual borrower growth rate of 139%. Fazle Hasan Abed, the Founder and Chairperson of BRAC disbursed BRAC Ugandaâ€™s first ever loan in June 2006 at the Iganga branch.
â€œBRAC Ugandaâ€™s success was possible due to the dedication, hard-work and commitment of the staff in Uganda and also due to the leadership and vision provided by BRACâ€™s senior management team in Bangladeshâ€, company said in the official blog release.