BRAC began working in Africa in 2006 with the goal of accelerating solutions for poverty reduction and empowerment in the poorest and toughest parts of the continent. While BRAC's focus has been on implementing programmes and building solid local institutions, we also view ourselves as a knowledge organization - helping to create and disseminate lessons and knowledge that would inform Africa's development.
Below is a post written by The MasterCard Foundation President & CEO Reeta Roy about the importance of youth entrepreneurship in Africa. The MasterCard Foundation has partnered with BRAC in Uganda to invest in adolescent girls, providing them access to safe spaces, social and livelihood skill-building resources, and microfinance so that they can be agents of change in Africa.
Below is a post from Reeta Roy, President & CEO of the MasterCard Foundation. She is currently visiting BRAC's programs in Uganda along with other members of the MasterCard team. She wrote this after visiting one of BRAC's microfinance groups.
For those who are too poor even to benefit from microfinance loans, BRAC has a special program providing the ultra poor with a pathway out of poverty. Instead of giving these women loans, BRAC gives them assets: a cow, chickens, seeds, fabric for sewing, etc. depending on the livelihood they want to pursue. We provide them with training and extra support, like feed and vaccinations, and visit them every week to check on the progress of their new business and make sure they're able to meet their basic needs.