Savings and development in Uganda

From Global development | The Guardian Sun Nov 25 2012, 19:01:19

The local Village Savings and Loans Association is turning the residents of Soroti, in eastern Uganda, into savers and entrepreneurs who no longer have to rely on the support of outside organisations

"Why should I again begin begging for support from the outside?" asks Phoebe Ageo, throwing her hands up dismissively, as she sits up straight in the middle of her farm compound in Soroti, eastern Uganda. "I don't believe in asking for money. The best word for this is 'begging'."

Although Ageo lives in one of the poorest districts of the country, in the past few years her situation has improved considerably. Chickens and goats wander in the fields, and the circular expanse of red earth with the thatched houses belonging to Ageo's extended family is surrounded by lush banana and mango trees. In the distance, flanked by weighty corn stalks, harvested seeds are drying in the sun, ready to be taken to the market.

Like most of her neighbours, Ageo started taking part in the local Village Savings and Loans Association (VSLA) four years ago. The scheme was initiated by CARE International and implemented in Soroti by the NGO, Uganda Women's Effort to Save Orphans (Uweso). Instead of relying on handouts and loans from outside organisations, villagers are trained to become savers and entrepreneurs.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Tanzania:   Free SMS Campaign Helps Pregnant Women, New Mothers (news)
Thomson Reuters Foundation
29 July 2015

When Halima Rahim became a mother for the first time, friends and acquaintances in Tanzania's commercial capital, Dar Es Salaam, were quick to offer advice and help. [read more]

Tanzania:   Edward Lowassa Ditches CCM for Opposition Party (news)
The East African
28 July 2015

Tanzania's former prime minister Edward Lowassa officially quit the ruling party CCM and joined the main opposition party Chadema in a historical move in the country's recent politics. [read more]

Tanzania:   Cecafa Cup - Our Teams Need to Do Better (opinion)
Tanzania Daily News
29 July 2015

Today is an all-Tanzania quarter final of the CECAFA Kagame Cup with VPL winner and first runners up, Young Africans and Azam FC respectively clashing at the sprawling National Stadium in Dar es ... [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!


Today's Featured News
Mozambique Ruling Party Faces Tough Contest

Renamo supporters: Ruling Frelimo faces a stern challenge at Wednesday's polls from...

Surge in Central African Republic Violence

African Union troops in Bangui (file photo): The UN has expressed alarm...

Nigeria, Cameroon, Ghana Get Crucial Wins

Asamoah Gyan of Ghana (file photo): The Super Eagles have boosted their...