Micro-finance
The micro-finance program is in its eighth year and currently supports 150 micro-loans. The weekly banking day continues to be an inspiring sight as dozens of community members come each Wednesday to make payments on their loans and add to or withdraw from savings accounts. This program is self-sustaining and is run entirely by members of the village. The repayment rate is 95%!
Although a few men participate in the micro-loan program, Partnership Uganda focuses on supporting women entrepreneurs. Many families in rural Uganda are headed by women. Women tend to use household monies to feed, educate, and care for their children, thereby benefiting their families and communities.
Because each loan recipient must also maintain a savings account, participants in the micro-loan program learn about budgeting and saving money for both personal and business expenses. Over the six years, the number of loans has tripled.
While the micro-finance program is self-sustaining, Partnership Uganda is working to bring classes in English and accounting to the participants.
Please donate to help Partnership Uganda educate these adults.
Although a few men participate in the micro-loan program, Partnership Uganda focuses on supporting women entrepreneurs. Many families in rural Uganda are headed by women. Women tend to use household monies to feed, educate, and care for their children, thereby benefiting their families and communities.
Because each loan recipient must also maintain a savings account, participants in the micro-loan program learn about budgeting and saving money for both personal and business expenses. Over the six years, the number of loans has tripled.
While the micro-finance program is self-sustaining, Partnership Uganda is working to bring classes in English and accounting to the participants.
Please donate to help Partnership Uganda educate these adults.