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Help bring Financial Stability to Uganda

by Opportunity International
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Help bring Financial Stability to Uganda
Millie, Coffee Farmer, Uganda
Millie, Coffee Farmer, Uganda

With access to tailored financial services, relevant training, and support groups and networks, low-income families are growing small businesses, farms, and local schools to build sustainable livelihoods for themselves and unlock more opportunities for their children through quality education.

Opportunity's industry-leading program teams in Education, Agriculture, and Digital Financial Inclusion are working with partners to reach more families in need with effective, sustainable solutions that ensure families can break the cycle of poverty and stay out of poverty, for good.

MICROBUSINESS OWNERS

  • Small loans provide capital to grow their business
  • Savings accounts offer a safe place to keep their income
  • Training in financial literacy and digital literacy help less-educated individuals learn skills to effectively grow their income and use mobile phones to access services
  • Trust Groups and Savings Groups connect clients to a local network of their peers to learn from, work with, and encourage each other

SMALLHOLDER FARMERS

  • Agricultural loans provide capital at the right time to purchase inputs and supplies to grow higher-yielding crops, especially for coffee (a main crop grown in Uganda)
  • Mobile phone banking makes it more convenient for rural clients to save and make payments
  • Training in Good Agricultural Practices and support from a local Farmer Support Agent improves farmers' technical skills in cultivation, farm management, and sales

CHILDREN & YOUTH

  • School Improvement loans help school leaders invest in infrastructure and staffing improvements to local schools
  • School Fee loans enable parents to pay for educational costs upfront, ensuring their children do not need to drop out when household cash is low
  • School clusters help local educators learn from each other and improve conditions for learning at their schools, preparing students with a higher quality education

Your continued support makes this work possible. Thank you!

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Opportunity's work in Uganda and beyond
Opportunity's work in Uganda and beyond

Uganda, a vibrant and diverse country in East Africa, is also one of the world’s poorest, ranking 162 out of 189 countries on the UN’s Human Development Index. In Uganda, 41% of people live in poverty, and almost half of Uganda’s total population is under the age of 15, representing one of the youngest populations in the world. However, the country’s recent strides in poverty alleviation, reducing hunger, mobile connectivity, and women’s empowerment indicate a strong trajectory toward rapid and inclusive economic development.

UGANDA BY THE NUMBERS

  • 42.7M total population
  • 76% of the population lives in rural areas
  • 41% of people live on less than $1.90 per day
  • 33% have an account at a financial institution
  • 6.3% GDP growth projected for 2019
  • 5.8 children, on average, per family
  • 72% of the workforce is employed in agriculture
  • 51% of children complete primary education

ABOUT OPPORTUNITY UGANDA

In Uganda, Opportunity International partners with its local financial institution partner, Opportunity Bank of Uganda, Limited (OBUL), a leading savings and loans company in Uganda, to expand access to tailored financial services and training for families living poverty. Together, Opportunity and OBUL are reaching families in all four of Opportunity’s regions (Central, Western, Eastern, and Northern).

With access to tailored financial services, relevant training, and support groups and networks, low-income families are growing small businesses, farms, and local schools to build sustainable livelihoods for themselves and unlock more opportunities for their children through quality education.

Opportunity’s industry-leading program teams in Education, Agriculture, and Digital Financial Inclusion are working with partners like OBUL to reach more families in need with effective, sustainable solutions that ensure families can break the cycle of poverty and stay out of poverty, for good.

MICROBUSINESS OWNERS

  • Small loans provide capital to grow their business
  • Savings accounts offer a safe place to keep their income
  • Training in financial literacy and digital literacy help less-educated individuals learn skills to effectively grow their income and use mobile phones to access services
  • Trust Groups and Savings Groups connect clients to a local network of their peers to learn from, work with, and encourage each other

SMALLHOLDER FARMERS

  • Agricultural loans provide capital at the right time to purchase inputs and supplies to grow higher-yielding crops, especially for coffee (a main crop grown in Uganda)
  • Mobile phone banking makes it more convenient for rural clients to save and make payments
  • Training in Good Agricultural Practices and support from a local Farmer Support Agent improves farmers’ technical skills in cultivation, farm management, and sales

CHILDREN & YOUTH

  • School Improvement loans help school leaders invest in infrastructure and staffing improvements to local schools
  • School Fee loans enable parents to pay for educational costs upfront, ensuring their children do not need to drop out when household cash is low
  • School clusters help local educators learn from each other and improve conditions for learning at their schools, preparing students with a higher quality education

Thanks to your support, families working their way out of poverty in Uganda have access to these life-changing programs and services. Thank you!

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An Opportunity survey of Ugandan coffee farmers revealed that without support, 65% of the farmers are likely to fall below the $1.25/day poverty line and 90% are likely to fall below the$2.50/day poverty line. Coffee, however, is one of the top-earning export crops in Uganda and holds tremendous potential to become a powerful economic engine for rural farming communities. With access to loans, savings accounts, technical training, and connections to good crop purchasers, coffee farmers are increasing their yields, accessing profitable markets and boosting their incomes, improving their families’ livelihoods and financial security.

Opportunity’s Agriculture Finance team is working to expand outreach to key coffee-producing regions throughout Uganda, including Mityana, Mubende, and Masaka in the western regions, and has partnered with more than a dozen coffee companies in the country to help farmers connect to higher-value markets and earn a good profit for their crops. Opportunity is currently working to digitize payments between coffee farmers and coffee companies to reduce the need for cash – which can be difficult to manage, and risky to carry in lump sums. Digital payments will also help farmers manage their accounts conveniently without the need to travel to a bank branch.

Opportunity’s 2018-2019 goals include:

  • Explore opportunities for expansion in new regions – Opportunity recently opened a new branch, Oyam, in the northern region of Uganda and is working to expand lending to coffee farmers in the surrounding regions.
  • Strengthen market linkages for coffee farmers – Opportunity’s growing network of value chain partners will connect more coffee farmers to the rapidly growing industry, helping them grow and sell more coffee and improve their incomes.
  • Expand agricultural best practices trainings for farmers – Improved trainings will help farmers with challenges such as protecting their crops from recent recurrences of pests and diseases.
  • Connect farmers digitally to financial services – Opportunity is working to rapidly expand digital banking services for farmers, improving access for clients in rural areas.

For a small farmer in rural Uganda, a good harvest opens up countless possibilities. A good harvest means a farmer can grow her savings account, and send her children to school well-fed. It means she can make improvements to her home, buy medicine when she or her children are sick, and hire her neighbors to help on her growing farm, expanding opportunities for others in her community to earn a good income and work their way out of poverty.

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From a small community-based endeavor, Opportunity Uganda has become one of the Largest microfinance institutions in the country.

Big harvests have created countless opportunities for Uganda farmers

By supporting Opportunity in Uganda, you provided farmers with tailored savings and loan products, linkages to high-quality farm inputs, training in business and farming best practices, and market access­ all supporting farmers who can earn a more reliable income. In Uganda, we achieved a 118% increase year-over-year in the number of AgFinance loans delivered to smallholder farmers.

Digital financial solutions

High-touch, high-tech, high-impact services make banking simple and accessible for Ugandan clients. Today, more than four million Opportunity clients globally are registered to access their accounts digitally. In Uganda, marginalized entrepreneurs register to conduct transactions using their basic cell phones or ATMs and engage in non-financial activities like taking surveys and receiving training via voice messages and texts. Digital services in Uganda have been a marked benefit to farmers and families living in the rural and remote communities. Basic cell phones and ATMs have become key business tools for Ugandan entrepreneurs where we developed a new digital strategy that focuses on client incentives and greater interaction, bolstering the bank's capacity and improving customer service. Since then, OBUL experienced a significant increase of more than 33%in digital transactions, resulting in an average of 6,139 digital transactions per month.

Measurable education outcomes for Ugandan children

Internal and external research and evaluations prove EduFinance leads to better outcomes for students and schools. We are committed to measuring our impact, making continuous improvements, and striving to achieve the highest levels of social impact and sustainability. Recent studies in Uganda and Rwanda demonstrate that EduFinance is helping schools reach more vulnerable children, offer higher-quality education, and become sustainable. The studies confirmed the impact of our School Improvement Loans. Surveys and interviews among local staff, 87 school proprietors, and 200 parents showed great consistency between our EduFinance objectives and the educational needs and aspirations of families and communities. Key findings include:

  • School proprietors who invest in their schools and communities encourage localized growth.
  • Investing in marginalized families breaks the cycle of generational poverty as educated children pursue more secure jobs.
  • 185 new jobs were created by the 75 financed schools that were studied in Uganda.
  • Private schools boost local businesses, contributing to the community's economic development.

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Joyce is no stranger to the daily challenges and sacrifices of raising children in Kampala, Uganda. With five kids to support the years were often tough, but Joyce faced every trial head on. Never shrinking back through the ups and downs, she held fast to her dream to educate her children. Her friends and neighbors were not surprised when she sent her first child off to the local college since she was not afraid of hard work and was always faithful when things did not pan out as she hoped.

Joyce is the first person to say she didn’t face a day alone. She had a business partner—she had Opportunity. Having joined an Opportunity Uganda Trust Group back in 2004, Joyce delights in explaining what she used each of her ten loans for as she launched and expanded her clothing resale shop. She says one of her greatest joys has been educating her children on her own, which is not a certainty for all families in Uganda. 

Today, Joyce has employed her business savvy to expand once again. She has diversified her income to construct rental housing units. Not only do the two-room units provide additional revenue each month for the family, but they also fill a need in her village for affordable housing options. Joyce is an inspiration to other mothers in her community and is blessed they come to her for advice on how to support their own children.

Your donations help provide tools and training that empower women like Joyce around the world, so that they may raise their families out of poverty. Thank you!

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Organization Information

Opportunity International

Location: Chicago, IL - USA
Website:
Project Leader:
Ian Haisley
Chicago, Illinois United States
$8,018 raised of $8,000 goal
 
215 donations
$0 to go
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