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:

Kenya:   Deputy President Slams Opposition for Seeking Foreign Aid (news)
Capital FM
23 October 2016

Deputy President William Ruto on Saturday criticised the Opposition for seeking external financial support to influence 2017 General Election. Ruto said Kenyans should be allowed to elect their own ... [read more]

Kenya:   Tusker Wins Kenyan President's Cup (news)
Confederation of African Football
21 October 2016

Tusker FC were crowned champions of the 2016 Kenya President's Cup, after beating military side Ulinzi Stars 1-0 in a closely contested final at the Nyayo Stadium on Thursday. This is the first time ... [read more]

Kenya:   Student's Jump From Dorm and Death Still Shrouded in Mystery (news)
The Nation
24 October 2016

Towards the end of March, students of Siakago Boys High School were horrified when they found their colleague having bled to death. Walter Murimi was cut in the arm and leg by broken window panes as ... [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!