Newslex Point News in Uganda, Uganda news
Hajjat Faridah Nambi in 2010 embarked on a journey to see more women participate in business by offering them loans that don’t demand interest on repayment. This she did as the founder and president of the Union of Muslim Women and Organizations in Uganda (UMWOU).
And it is through this union that she launched UMWOU Islamic financing, which has now expanded to five districts, namely: Nakaseke, Luwero, Nakasongola, Butambala and Mpigi.
UMWOU is an umbrella organisation for all Muslim Women and Organisations in Uganda.
The organisation carries out a number of activities, including seminars on business skilling and financial literacy, workshops on justice and law says the initiative is aimed at “supporting women to boost their businesses and achieve economic empowerment.”
Aside from money, the financing initiative also offers startups with items, for instance, sewing machines — depending on what one is doing.
According to Hajjat Faridah Nambi, money is given to women that are organized in groups and when the group is ready and organized.
She however explains that the loans are currently paid after 6 months or a year, depending on what the borrower wants.
According to a recent report by the Master card Foundation, Uganda has the highest number of women-owned enterprises in Africa while East African nation has poor entrepreneurial supporting factor.
Check also;
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- Musician Prince Omar Donates Masks And Sanitizers To Ghetto People
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![[dropcap]A[/dropcap] section of women in Bugongo parish and Nawangaiza parish in Nawandala Sub County, Iganga District have decried the near-impossible terms set for them to access GROW funds. They have now petitioned their woman member of parliament for Iganga Hon. Kauma Sauda Alibaawo to ask the government for revised terms and conditions. This is to enable them to benefit from the program. The disgruntled women accuse the implementers of the program of charging the money. They are also asking for their land titles and land agreements. They said that such properties are governed by their husbands. These, therefore want the government through their woman MP to intervene and revise the requirements for one to benefit. The women were on Wednesday at Namabwere primary school in Nawandala Sub County. They had gathered in their respective groups to receive over 300 chickens from Hon Alibaawo in her campaign to improve the livelihood of women in Iganga district. Each group was given 50 chicken as start-up capital in their journey to prosperity. Read what some leaders said; Ms Naigambi Lydia from Nawandala Trading Centre says, “They solicited money from us through opening bank accounts and depositing Shs80,000. They also asked for land titles and land agreements from us yet we don’t have such things. I was informed that I needed to have a business with a capital of Shs4m yet my capital was very small.” The chairperson Kisoboka Saving Group in Nawandala Ms. Nakagolo Faith said they were not able to join the program. This is given the many conditions attached. She also asked their woman MP to raise their concerns to the relevant offices. The MP condemned the mode of implementation of the program. She cited that it has turned to benefit the well-off class of women other than the intended group. She further asked the government to intervene saying the current strings attached to the programme are very tight to accommodate a common woman. GROW project is a Government of Uganda initiative that arose out of the need to respond to the needs of women entrepreneurs. This is especially those who want to grow their businesses, sustain their self-employment and create more jobs. Check Also; Iganga District NRM Leaders Urge Museveni To Fulfill Election Promises Of 2021 International Women's Day: Celebrating Progress Towards Equality](https://newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg)