Phase one wraps, supporters say Emyooga fattened wallets and built real businesses. Uganda’s financial inclusion drive ended its first leg with reported gains in wealth creation, job growth, and value addition across regions, while officials teased Phase Two shaping up on the horizon.
The Microfinance Support Centre hosted a wrap-up where Emyooga SACCO reps from multiple regions showed projects and outcomes.
Beneficiaries said access to cheaper credit improved cash flow, lifted household earnings, and helped small and medium businesses scale.
Arinaitwe Ritah, a team lead among participants, argued the program moved past lending, steering enterprises into formal operations.
She noted that many groups raised capital, then registered with standards bodies, setting up long-term growth.
The Microfinance Support Centre reported gains in jobs and financial access, with informal workers, organized under community SACCOs, entering the system.
Executive Director John Peter Mujuni said shaky societies steadied, and several reached a point where they can sustain and expand without starter funding.
Speaker of Parliament Anita Annet Among praised livelihood impacts across Uganda, highlighted value addition, and pointed to deliberate support for women as engines of socio-economic change.
She pledged parliamentary backing for continued financing, while warning borrowers to honor repayments, since a revolving fund depends on timely returns to reach more sectors.
Phase Two lands later with plans to tighten SACCO governance, widen financial literacy, and reinforce monitoring and accountability for durability.
The Microfinance Support Centre hosted a wrap-up where Emyooga SACCO reps from multiple regions showed projects and outcomes.
Beneficiaries said access to cheaper credit improved cash flow, lifted household earnings, and helped small and medium businesses scale.
Arinaitwe Ritah, a team lead among participants, argued the program moved past lending, steering enterprises into formal operations.
She noted that many groups raised capital, then registered with standards bodies, setting up long-term growth.
The Microfinance Support Centre reported gains in jobs and financial access, with informal workers, organized under community SACCOs, entering the system.
Executive Director John Peter Mujuni said shaky societies steadied, and several reached a point where they can sustain and expand without starter funding.
Speaker of Parliament Anita Annet Among praised livelihood impacts across Uganda, highlighted value addition, and pointed to deliberate support for women as engines of socio-economic change.
She pledged parliamentary backing for continued financing, while warning borrowers to honor repayments, since a revolving fund depends on timely returns to reach more sectors.
Phase Two lands later with plans to tighten SACCO governance, widen financial literacy, and reinforce monitoring and accountability for durability.
