MICROCREDIT

Major intervention for income generation is the supply of microcredit to women groups and other community organizations for creating income. A proper business plan, based on entrepreneurship and business principles, is mandatory.
Beneficiaries can increase their capital through savings by group members.

Tusaidiane is guiding the women groups in managing their fund. This is more than just administrative and accounting support. It concerns also training in business planning and budgeting. We train beneficiaries in making a business plan (market, requirements, prices, expected profit, etc.).

Tusaidiane is supporting several women groups on their request. The women are guided in how to manage their funds, how to account for the money in their group and how to set up an accounting system. We closely monitor the progress and if it’s positive we try to find capital (donations or loans) for their fund or we link them to donors.

There are several women groups, who are doing their level best to improve the income situation of their members by giving out small loans from savings by the members. Most of them do not have access to email, internet, or official banks. They are not able to communicate with potential donor organizations abroad, not to speak about fulfilling their criteria for getting financial support. They only work with savings of their members, which highly limits the possibilities for giving out small loans. Tusaidiane Uganda aims at supporting such women group with training and administrative support nearly for free.

Tusaidiane Uganda is delighted to help such groups with some extra capital, either as grant or as loan. The Melania Foundation from the Netherlands supplied some capital to Tusaidiane Uganda to do so.

STRATEGY
  1. Provide training in organization, business planning, budgeting, and account keeping.
  2. Provide training in word processing and the use of Excel.
  3. Teach how to set up a microcredit loan scheme and teach the importance of loan repayments.
  4. Assist in setting up the microcredit scheme for the group, including decisions on maximum loan amount, repayment periods, interest rate and penalties.
Women Groups
  • CHIDEFEA, meanwhile largely operating independently.
  • Women & Widows Club Mannya
  • Kyabibwa Women Group
  • Soroti Akili Women Group
  • Agalya Women Group