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Labrish
Nyuuz
Ugandan youths turn finance training into thriving businesses
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[QUOTE="Munyaradzi Mafaro, post: 46602, member: 636"] Young business owners across Uganda are changing their lives through money training and loans from Equity Bank Uganda. The bank works with the Mastercard Foundation to help 4.3 million young people find jobs and start companies before 2030. Women, refugees and people with disabilities receive special focus under this program. Many youth struggled to manage their small businesses before getting help. They made mistakes like mixing personal and business money or failing to track sales. Financial training sessions taught these entrepreneurs how to keep records and make budgets. A woman who sold hair products learned to separate business funds from personal spending. A farmer discovered how to track his crop investments and profits. Group members resolved conflicts after learning to write reports and set goals. The training became the base for business growth and smart money choices. Equity Bank gave loans worth 2 million to 5 million shillings to youth groups without requiring property as security. One farmer used his loan to start several businesses and pay for college classes. A mother expanded her salon and bought animals to raise. Refugee women bought computers and sewing machines to teach skills to others. Groups built training centers and taught baking to community members. These successes spread throughout entire villages as trained youth helped neighbors start businesses. New savings groups formed as people saw others succeed. Women gained confidence and became mentors for other female entrepreneurs. Youth leaders want more training sessions and bigger loans to reach more people in their communities. [/QUOTE]
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Labrish
Nyuuz
Ugandan youths turn finance training into thriving businesses
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