UWCM shared with us the following story which illustrates the effectiveness of their microfinance savings groups. This lady joined Simu Women Farmers Association in 2013 and is married with 5 of her own children plus she also cares for 5 other children who are relatives. She earns money by peasantry farming and is currently the Chairperson of the group which has 40 members. She saved small amounts regularly throughout the year and was very happy when she received her savings at payout time and said that she was going to use some of the money to buy fertilizer and put in her coffee plantation; some to pay school fees and buy clothes for the children and the husband and also to cater for home basics. She added that since she joined the savings group, she has managed to buy 3 pieces of land where she grows food for the family, but also has got many friends in the group and they try to support and encourage one another in bad and good times, they work as a team.
UWCM are continually being asked to set up new microfinance groups as it is proven to be a highly effective way for women to lift themselves, and their families, out of poverty.
Uganda Concern UK 