Help bring Financial Stability to Uganda

 
$2,003
$0
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Dec 13, 2012

Savings for the First Time

In Uganda, families are saving for the first time because of you

Under leadership of new CEO André Lalumière, Opportunity Uganda increased the number of clients with savings accounts by a remarkable 70% since 2011 year-end. With mounting evidence and recognition that the poorest families want to save, this growth is an indicator that our training and awareness efforts are having a positive impact on the people at the very bottom of the poverty pyramid. Ninety-nine loan officers identify and serve the poorest economically active Ugandans from 15 branches, offering savings and loans for business, education and agriculture – all linked to the protection of credit-life insurance.

Recognizing the information and access gaps our clients face, Opportunity forges partnerships with other agencies to ensure their holistic transformation. In Uganda, we provide loans to families who have proven their ability to take on additional credit so they can take advantage of life-changing opportunities through partner agencies offering the benefits of solar panels and home improvements that make families safer.

You are building a savings culture that transforms families

Although Opportunity Uganda has restricted lending to avoid over-indebting clients during the country’s macro-economic challenges, it achieved strong growth in its outreach to families with savings accounts. Much of this growth was achieved by increasing community awareness through savings drives. Opportunity Uganda:

  • Boosts awareness by conducting savings drives every other Friday at alternating branches and via radio campaigns.
  • Mans each drive with 60 staff members who reach out to more than 500 community members, providing information about the benefits of saving as a tool for expanding business, funding education costs and preparing for emergencies.

Opportunity Uganda is increasing outreach through the following:

  • Adding additional branches in Soroti, Nansana and Mukono by year-end.
  • Increasing its mobile van fleet to three vans to reach more rural and remote families.
  • Funding 18 solar panel loans and 180 loans for housing repairs.

Thanks for all your support that makes this possible! 

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Organization

Project Leader

Ally Lynch

Oak Brook, Illinois United States

Where is this project located?

Map of Help bring Financial Stability to Uganda