BRAC Uganda

Data provided through BRAC - UGA

Gross Loan Portfolio USD, 2011: —

Number of active borrowers 2011: 107,552

Average loan balance per borrower USD, 2011: 0.0

Deposits USD, 2011: —

Assets USD, 2011: —

Number of depositors 2011: —

Mission:

BRAC works with people whose lives are dominated by extreme poverty, illiteracy, disease and other handicaps. With multifaceted development interventions, BRAC strives to bring about positive changes in the quality of life of the poor people.

Background and Main Challenges:

BRAC the leading development organisation from Bangladesh also functioning in Afghanistan, Srilanka and in 2006 launched its Micro Finance program in Tanzania and Uganda and recently in Southern Sudan. BRAC have entered Africa with the purpose to achive the Millennium Development Goal along with ... Read more

Address:

Plot-90, Businiri Zone Nyanama, Off Entebbe Road

Kampala

Uganda

Phone:

+256 414 27 0978

Email:

arifbrac [at] yahoo [dot] com

Website:

www.brac.net

Main Funding Sources:

Grants

Loans

Products and Services:

Loans

Training and Consulting

Research and Development

Services Provided:

Health

Education

Looking for (Investment Types):

Loans in Local Currency

% Operations Comprised by MF:

91 - 100

Date established:

Jan 1 2006

FYE:

31-Dec

Current Legal Status:

Other

Regulated:

Social Performance Profile


+ Mission specifics
+ Target markets (ranked by importance)
Women	1
Clients living in rural areas	2
Adolescents and youth (below 18)	3
Clients living in urban areas	4
+ Development goals (ranked by importance)
Poverty reduction	1
Gender equality and women's empowerment	2
Increased access to financial services	3
Youth opportunities	4
Development of start-up enterprises	5
Growth of existing businesses	6
Health improvement	7
Employment generation	8
Children's schooling	8
Improvement of adult education	9
Water and sanitation	10
Housing	11
+ Poverty targets
Very poor clients	1
Poor clients	1
Low income clients	1
+ Governance
Has trained members of its board on social performance management
+ Range of products and services
+ Financial products and services offered
+ Credit products offered
Microcredit loans for microenterprises	1
SME loans
Loans for agriculture	1
Loans for education	1
+ Savings products offered
Compulsory savings accounts (cash collateral)
+ Compulsory insurance products required
+ Voluntary insurance products offered
Other voluntary insurance offered:	1
+ Other financial products and services offered
+ Non-financial services offered
+ Enterprise services offered
Business development services	1
+ Education services offered
Financial literacy education	1
Basic health/nutrition education	1
Child and youth education	1
+ Health services offered
Basic medical services	1
+ Women's empowerment services offered
Counseling/legal services for female victims of violence	1
+ Products and services targeting the poor
Products and services specifically designed to target the poor:	Livelihood program with training and financial services
+ Social responsibility to clients
+ Client protection principles in use
The loan approval process requires evaluation of borrower repayment capacity and loan affordability. Loan approval does not rely solely on guarantees (whether peer guarantees, co-signers or collateral) as a substitute for good capacity analysis.
Internal audits check household debt exposure, lending practices that violate procedures including unauthorized re-financing, multiple borrowers or co-signers per household, and other practices that could increase indebtedness.
Productivity targets and incentive systems value portfolio quality at least as highly as other factors, such as disbursement or customer growth. Growth is rewarded only if portfolio quality is high.
Prices, terms and conditions of all financial products are fully disclosed to the customer prior to sale, including interest charges, insurance premiums, minimum balances, all fees, penalties, linked products, third party fees, and whether these can change over time.
Staff is trained to communicate effectively with all customers, ensuring that they understand the product, the terms of the contract, their rights and obligations. Communications techniques address literacy limitations (e.g. reading contracts out loud, materials in local languages).
Acceptable and unacceptable debt collection practices are clearly spelled out in a code of ethics, book of staff rules or debt collection manual.
The organization's corporate culture values and rewards high standards of ethical behavior and customer service.
A mechanism to handle customer complaints is in place, has dedicated staff resources, and is actively used. (Suggestion boxes alone are generally not considered adequate.)
Customers know how their information will be used. Staff explains how data will be used and seeks permission for use.
+ Cost of services to clients
Flat interest method
+ Social responsibility to staff
+ Human resources
Transparency on salary (a clear salary scale based upon market salaries)
Benefits (medical insurance, pension contribution)
Protection at work (safety, anti-harassment)
Equality (anti-discrimination, equal pay for men and women with equivalent skill levels)
+ Basis of staff incentives related to social performance
Ability to attract new clients from target market
Outreach to remote/rural communities
Outreach to women
Client retention/drop-out rate
Portfolio quality
+ Social responsibility to the environment
This institution includes specific clauses in its loan contracts to mitigate specific environmental risks
This institution identifies enterprises with environmental risk
This institution offers lending lines linked to alternative energies
+ Poverty measurement tools in use

Partnerships

Current
Name	Relationship
BRAC Africa Microfinance Ltd	Funding
BRAC International	Network Affiliation
Hivos-Triodos Fund	Funding
Kiva	Funding
Oxfam Novib Fund	Funding
Triodos Fair Share Fund	Funding

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Social Performance Profile

Partnerships

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References

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