BRAC microfinance borrower wins entrepreneurship award
July 25, 2012
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BRAC Uganda microfinance borrower, Lydia Nojaki Birungi, 43, won the bronze prize in the 2011 Citi Micro Entrepreneurship Awards. Lydia, a BRAC small enterprise borrower since 2009, was recognised by Citibank and The Association of Microfinance Institutions of Uganda (AMFIU) for her entrepreneurial ability. Lydia runs an agrochemicals business in Kasese and also farms a 15-acre plot of land that provides food for a large section of her community. Lydia received a certificate and a prize of 1.5 million UGX ($600) from Citibank. She plans to invest her winnings in her business.
BRAC Uganda microfinance borrower, Lydia Nojaki Birungi, 43, won the bronze prize in the 2011 Citi Micro Entrepreneurship Awards. Lydia, a BRAC small enterprise borrower since 2009, was recognised by Citibank and The Association of Microfinance Institutions of Uganda (AMFIU) for her entrepreneurial ability. Lydia runs an agrochemicals business in Kasese and also farms a 15-acre plot of land that provides food for a large section of her community. Lydia received a certificate and a prize of 1.5 million UGX ($600) from Citibank. She plans to invest her winnings in her business.
Another BRAC small enterprise borrower, Beatrice Katusabe, 38, received a certificate of recognition for her entrepreneurial skills. Beatrice runs a secondary school that employs 25 people and also owns a lodge and restaurant in Mubende district. She has been a BRAC borrower since 2010. Beatrice received a cash prize of 550,000 UGX ($220) from Citibank. She, too, plans to invest her prize in her business.
The awards ceremony was held Tuesday, 24th July at the Sheraton Kampala Hotel. This was the fifth installment of the awards, which seek to promote the role that microfinance plays in poverty alleviation and the contributions that individual micro-entrepreneurs have made to the economic stability of their families and communities.
The event was presided over by the Managing Director of Citibank Uganda Ltd, Mr. Chinedu Ikwudinma, President of AMFIU, Mr. Wilson Turyamuhabwa, Executive Director of AMFIU, Mr. David Baguma, Minister of State for Microfinance, Hon. Caroline Okao, and Deputy Governor of the Bank of Uganda, Dr. Louis Kasekende.
Citibank’s Mr. Ikwudinma noted that micro-entrepreneurs are among the biggest drivers of change in the communities in which they work and said Citibank, one of the biggest lenders to microfinance institutions in Uganda, plans to continue to invest in the entrepreneurship awards programme.
Also addressing the audience was the Honourable Minister, who said the government is committed to continue partnering with the private sector to ensure inclusive microfinance is a reality.
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