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The MasterCard Foundation and BRAC Expand Microfinance Services in Uganda

The MasterCard Foundation and [the non-profit] BRAC announced today a $19.6 million program to expand financial services to the poor across Uganda, benefiting approximately 2 million people...“The MasterCard Foundation is working with innovators like BRAC to expand the access and reach of microfinance services to the poor, supporting their entrepreneurship so they can improve their own lives and communities,” said Reeta Roy, President and CEO of The MasterCard Foundation...“This initiative...will be our largest program in Africa,” said Fazle Abed, Founder and Chairperson of BRAC. “What we learn in Uganda, including how to provide savings to poor women and their communities, will help us rapidly scale up our operations to provide services to millions of people throughout Africa.”