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:

Afrique:   TICAD VI - Plus de vingt dirigeants africains participeront à la conférence au Kenya (news)
Les Dpches de Brazzaville
25 July 2016

La 6e Conférence internationale de Tokyo sur le développement de l'Afrique (TICAD VI) se tiendra du 27 et 28 août à Nairobi, au Kenya. Selon les organisateurs, plus de vingt ... [read more]

East Africa:   Rwanda-Kenya Trade Forum to Address Challenges Faced By Women in Business (news)
The New Times
25 July 2016

Rwanda will host the first regional women trade forum to discuss mechanisms of addressing the challenges women face while doing business in the region. According to Stephen Ruzibiza, the Rwanda ... [read more]

Afrique:   Transformation de l'Afrique - Un forum se penche sur la mobilisation des Ressources Intérieures (news)
Le Journal de l'Economie Sngalaise
25 July 2016

En collaboration étroite avec la Fondation pour le renforcement des capacités en Afrique, la Communauté africaine de Pratiques (AfCoP), dont le secrétariat est ... [read more]

blogAfrica is'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!