KWID Micro-finance programme

KWID Micro-finance programme

Access to financial services is one of the key challenges vulnerable women in Uganda face. KWID started a microfinance programme in 2013 to enable members to access soft loans and start income-generating activities to be able to provide basic needs to their families as well as reducing the burden of women borrowing from commercial banks at higher interest rates and avoid loan requirements they do not meet since they do not own assets.

 Over the years the microfinance has grown and current cumulative savings of 15 million Ug. Shs. The livelihood of these micro-finance members has improved in that can save and access cheaper interest loans at 2% per month. The borrowed funds have been utilized to pay school fees for children, purchase of livestock, payment of farming labour and purchase of planting seed.

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