The July 2011 grand opening ceremony marked Opportunity Uganda’s official entry into the Mubende community. The hearty customer turnout was no surprise to the branch staff, who had worked hard to generate awareness within the community prior to the launch. With your investment, Opportunity has quickly become a recognized and integral part of the Mubende community. In its first few months of operations the branch has provided more than 2,000 families with access to savings.
The branch is now fully operational and the staff is energized by the change they are witnessing throughout Mubende. Trust Groups have formed and are conducting weekly meetings with loan officers delivering business start-up and business expansion training. Agriculture specialists are visiting farmers and farmer groups to survey plots and layout plans to help them increase and improve quality of yield, resulting in efficiencies and higher dividends at harvest time. Grass roots business owners are learning to bring their businesses to sustainability and even profitability. Families are opening their first ever savings accounts. Faith and Frank, like many other business owners, are now on their second loans. Inspired by your generosity, they have shared the benefits of success to others in their community. Their business has grown to be profitable and sustainable, and with that, they have taken on neighbors as employees, giving them the chance to be a part of their success. Women like Faith are gaining confidence in their business skills and in themselves as they are being recognized as successful business women amongst their peers.
Meet Faith and Frank Rubanda
Although they possessed the skills and work ethic to make their dream of becoming tailors a reality, Faith and Frank lacked the necessary capital. As co-owners of a small dairy business, the couple managed their profits resourcefully but with seven young children savings was near impossible. This put their dreams out of reach.
With a loan, training and significant support, Faith and Frank became the town’s only custom designer of hand-crafted business suits. Their success gave them the confidence and capital to expand, growing from owning just one sewing machine to now employing seven members of their community. They have now begun negotiations to acquire additional storefronts. “We are thankful for what we have been able to do,” says Frank. “Opportunity bank came to Mubende by way of a miracle. We were pleased to be the first to open a savings account.”
As mother, wife and business partner, Faith, too, is enjoying a whole new feeling of optimism. “I never thought my children would go to school because of the cost of uniforms and now that they are in school I am finding a way to send them to a better private school.” Frank is undeniably proud of his wife, and enjoys having her as his business partner. His infectious smile is filled with love and respect for her.
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