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Poor enterprising Women’s loan fund and financial literacy

The situation in which 12.4 million people, 95% of households in our CPAR Uganda targeted region of operation, greater northern Uganda – West Nile, Acholi, Lango, Teso, Karamoja and Bukedi, are living below Uganda’s poverty line, USD 1.77,  is immoral and unacceptable. It is not okay that 7.5 million people, 58% of households, in our targeted region are food poor.

“In rural and poverty-stricken communities, like Karamoja, buying soap and knickers might sound a luxury when one is lacking food on the table for the household. We have areas that have no access to clean water.”

Lomuria Betty in Karamoja

Their quality of life can sustainably become better, only when people are able to have access to the right quantity and quality of food and to other basic needs; without which they will inevitably die. In addition to food, the other basic needs are:

  • Appropriate clothing for the climatic conditions in which they live
  • Clean air
  • Clean water to drink
  • Shelter
  • Rest and sleep

To save lives, it is urgent that the alarming status quo prevailing in our targeted region is reversed. We have every confidence in the hardworking women of our targeted region to turn the situation in greater northern Uganda around. But they need your help to power them forth, through enabling them to access inexpensive finance.

With your help, we can together enable poor active and enterprising women of the region to earn decent incomes so that they may be able to feed their families and to afford other necessities for human survival.

We, at CPAR Uganda, are fundraising so as to raise Shs. 10 million (USD 2,755) to establish and grow a fund through which, for a start, 200 poor and active enterprising women – street and market vendors, artisanal entrepreneurs and smallholder farmers of greater northern Uganda will access low interest loans to invest in their enterprises.

Read more about why representative women of our target region are of the view that the “help women need the most is finance & financial literacy.”

We intend to work through young innovators, beneficiaries of the CPAR Uganda “mentoring young adults into innovators against poverty” programme, in order to establish and grow community owned and operated loan funds. We will give our young innovators additional practical training to become comprehensive grassroots community agents of change.

In turn the CPAR Ugadna trained innovators and community agents of change will provide both one-on-one and group financial literacy training sessions for women borrowers from own community loan funds that will be established under this project.

And so, in addition, to start off the training component of this project, CPAR Uganda is also fundraising for Shs. 8 million (USD 2,204) to use to train 25 young innovators into trainers of trainers who will provide the necessary technical expertise – tailor-made financial literacy training sessions for all the targeted 200 borrowers for this project. 

No financial donation is too small, every little bit counts:

  • Shs. 18,150 (USD 5) covers financial literacy training costs of one trainer of trainers for five days.  
  • Shs. 36,600 (USD 10) gives three vendors weekly loans for produce buying and selling.
  • Shs. 73,200 USD 20) gives an artisan – tailor, basket weaver, pot maker, etc. access to a loan, repayable in a month, to buy materials for their production.
  • Shs. 156,400 (USD 40) gives a millet farmer access to a loan for a farming season.
  • Shs. 326,700 (USD 90) covers the costs of the full eight-week financial literacy training of one trainer of trainers,

Thank you!

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The poverty statistics used in this project post are derived from the most recent Uganda Bureau of Statistics National Household Survey Report.

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