Empowering Rural Entrepreneurs

In Uganda, 87% of Ugandans lack bank accounts and thus majority of the population who are rural based can’t have access to bank loans let alone pay the high interest rates change by formal finance institutions. This has killed grassroots entrepreneurship thus cutting off majority of the population out of mainstream finance and economic contributions thus keeping them in a cycle of poverty.
Our wish is to start a project that will provide business mentorship and access to interest-free microloans to rural and poor entrepreneurs to establish and/or boost income-generating activities for livelihoods improvement.
As businesses thrive, loans are paid forward on an agreed upon percentage spread throughout the agreed loan period to new entrepreneurs on monthly basis, creating sustainable ripple effect of new initiatives and independent local financial structures.