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Last modified on Thursday, 23 December 2010 18:00

BRAC Uganda Microfinance Limited borrowers win enterpreneurship awards

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24 December 2010, Dhaka. Two female micro-entrepreneurs supported by BRAC Uganda Microfinance Limited, Theresa Twinomugisha and Ruth Naigaga Wamulo emerged winners of gold and bronze awards respectively in the Citi Microentrepreneurship Awards 2010.

The competition was organised by the Citigroup Foundation in collaboration with the Association of Microfinance Institutions of Uganda (AMFIU) to recognise the extraordinary contributions that individual micro-entrepreneurs have made to the economic stability of their families and their communities in Uganda. It drew over 100 entrepreneurs supported with loans from Microfinance Institutions (MFI), Microfinance Deposit-taking Institutions (MDI) and Savings & Credit Cooperative Organizations (SACCOs) in Uganda. BRAC Uganda was the only MFI whose candidates won a gold and bronze award and was awarded a certificate of recognition. Other awards went to SACCO members.

Twinomugisha receiving the Gold award from Hon. Minister of MicrofinanceTwinomugisha receiving the Gold award from Hon. Minister of Microfinance

Twinomugisha was rewarded with UGX 10 million while Wamulo was among the top 13 entrepreneurs who won bronze plaques plus UGX 1.5 million. Other 14 winners received certificates of recognition plus UGX 400,000.
Ruth receiving the cheque of UGX 1.5mRuth receiving the cheque of UGX 1.5m

Winners were drawn by a nine-member panel of microfinance experts chaired by the Managing Director of CitiBank. The awards ceremony was held on Wednesday, December 15, 2010 in Kampala’s Serena hotel and was presided over by State Minister for Microfinance, Hon. Ruth Nankabirwa.

The Country Representative of BRAC Uganda, Mr Khondoker Ariful Islam was also present together with the Microfinance Programme Manager, Mr Rafiqul Islam, the credit officers; Evelyne Nasaka and Juliana Negaga, who have been serving Twinomugisha and Wamulo.

In short speeches after receiving the awards, Twinomugisha and Wamulo thanked BRAC Uganda for the support rendered to them in their enterprises and urged all other entrepreneurs, especially women, to work harder.

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