Equity Bank Uganda taught money skills to over 153,000 young people last year. These lessons helped start nearly 13,000 new small shops with loans worth about 107 billion shillings. The bank gave almost 128 billion shillings to 96,000 small farmers as part of its farm program.
The bank wants to open minds along with bank accounts, as only 16 percent of Ugandans know how to handle money well. Many shop owners lack basic knowledge about saving or loans, which stops them from growing their business. Rural areas suffer most from this knowledge gap, making poverty worse for many families.
The training matches what the government wants to do with its Parish Development Model. It helps fight poverty, create jobs, and build better businesses across Uganda. Business expert Moses Mukisa says this work helps change farming from just feeding families to making real money that lasts longer.
The bank wants to open minds along with bank accounts, as only 16 percent of Ugandans know how to handle money well. Many shop owners lack basic knowledge about saving or loans, which stops them from growing their business. Rural areas suffer most from this knowledge gap, making poverty worse for many families.
The training matches what the government wants to do with its Parish Development Model. It helps fight poverty, create jobs, and build better businesses across Uganda. Business expert Moses Mukisa says this work helps change farming from just feeding families to making real money that lasts longer.
