Newslex Point News in Uganda, Uganda news
The iron sheets were handed over to John Kovuki, the Elegu LC III Chairman at the Elegu Town Council offices. They will help revive business operations that have been halted due to the fire.
The Gulu PostBank Branch manager, Catherine Nabukwasi said that the bank takes pride in having such a positive impact on society and always provides viable solutions during times of need.
“Many of the affected people are entrepreneurs, who, we as a bank, value for their continued support. We hope that this donation will speed up the process of resuming business in the market,” she said.
Kovuki noted that many traders lost millions of cash in the fire.
“Most traders have been keeping money in their shops – this disaster comes as a reminder that we have to quickly find lasting solutions that mitigate loss when incidents such as these occur,” Kovuki said.
To solve this problem, PostBank donated a mobile van (bank on wheels) to provide traders with financial services. They will be able to transact the same way they would in a real bank.
The van will stop in Elegu on a weekly basis as the bank seeks to extend affordable financial services to the unbanked population.
Elegu is a promising business hub growing on the Uganda-South Sudan border. For people to access financial services, they have to move to Gulu City.
This is however unfortunate for them as Gulu City is 130km away from them.
Check Also;
- Agent Banking Services Hit Record Of 6,000 Customers
- Kenya’s IM Holdings Acquires uganda’s Orient Bank
- Experts Call For Calm Amidst Rising Prices Of Commodities
Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.
![[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://i0.wp.com/newslexpoint.com/wp-content/uploads/2024/11/Iganga-women-decry-tough-terms-to-access-GROW-funds-e1731738339732.jpg?resize=300%2C160&ssl=1)
