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 savings and credit scheme 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.

Currently KWID microfinance program has 84 members from four savings and credit groups at its 4 branches in Kabale and Rukiga Districts. These are Kyanamira and Nyakagyera groups from Kabale District. Kyogo group and Kyabuhangwa group from Rukiga District

 Over the years the microfinance has grown and current cumulative savings of Ug.shillings.15 million. The livelihood of these micro-finance members has improved because members can save and access loans. Loan repayment rate is 100%. The borrowed funds have been utilized to pay school fees for children, purchase of livestock, payment of farming labour and purchase of planting seed.

With support from GIZ Uganda, leaders from the 4 branches of KWID were trained in Village Savings and Loans Association (VSLA) methodology in September 2021. This was aimed at improving their financial and leadership skills. Once VSLA model is adopted it will lead to improved savings among members.

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