Support Access to Microloans for Poor Women inUganda

Save to Favorites

About this Campaign This projects will fund women businesses by issuing collateral-free, low interest-bearing loans, for as little as $50, to poor women of Uganda, northern region in both rural and urban to assist them in starting businesses, building assets and gaining business skills so that they can generate income on a long-term basis, permanently improving their household living standards, and achieving financial independence for themselves and their families.
The loan repayment period will be 6 months and the targeted businesses are selling cereals, milling corn and rice, vegetables and selling cloths and women owned small businesses.
Purewish Foundation Uganda (PWFU) will screen, train and issue loans of $50 - $250 to impoverished women to start businesses. PFU will organize borrower meetings, conduct site visits, provide ongoing business education and introduce women to dealing with the local bank. The key to the loan program's success is that the women become empowered. Women learn to keep business records, hone their entrepreneurial skills, and increase their self-confidence.

Long-Term Impact
Empowering women living in desperate poverty in Uganda, northern region promotes in-country development from the bottom up. Women become involved in grass roots movements and advocate for far-reaching social and economic changes in their own country. The borrowers' priorities for the use of their profits are: better nutrition, healthcare and paying school fees for their children. PFU provides outreach in all of these areas by empowering women with options to provide better care for their families. Use of Funds All the proceeds will go to women in terms of loans.