Museveni told Uganda's salon workers he's throwing 85 billion shillings their way through a revolving fund that drops 100 million per SACCO to about 850 groups nationwide. He announced the cash while kicking off the Federation of Uganda Salon Operators at Kololo Ceremonial Grounds, and he hyped up the beauty industry for creating jobs while people get increasingly busy in cities.
The president basically said salon operators can grab one-year loans instead of the usual two-year setup that crop farmers deal with under the Parish Development Model, and they just pay back with minimal interest after using the money. He threw in some history about colonial times, making Africans think they weren't beautiful, but he said that mindset got crushed, and now people are defining their own standards.
Deputy Speaker Thomas Tayebwa called out how budget allocations for these groups often get blocked by institutions like the Microfinance Support Centre, even when funds exist on paper.
The president basically said salon operators can grab one-year loans instead of the usual two-year setup that crop farmers deal with under the Parish Development Model, and they just pay back with minimal interest after using the money. He threw in some history about colonial times, making Africans think they weren't beautiful, but he said that mindset got crushed, and now people are defining their own standards.
Deputy Speaker Thomas Tayebwa called out how budget allocations for these groups often get blocked by institutions like the Microfinance Support Centre, even when funds exist on paper.
