{"id":68167,"date":"2024-03-05T19:15:43","date_gmt":"2024-03-05T19:15:43","guid":{"rendered":"https:\/\/www.africa-press.net\/uganda\/?p=68167"},"modified":"2024-03-05T17:21:07","modified_gmt":"2024-03-05T17:21:07","slug":"how-ankole-women-are-promoting-financial-independence","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence","title":{"rendered":"How Ankole women are promoting financial independence"},"content":{"rendered":"

Africa-Press – Uganda. <\/strong><\/span>Women in Ankole Diocese have started an investment club to improve household incomes and stop dependence on their husbands for support.<\/b><\/p>\n

Under their umbrella body, the Ankole Diocese Women Investment Association (ADWLA), the group says they want to promote strategic investment and development.<\/p>\n

\u201cWe found out that poverty was high because of a family solely being dependent on a man and that a man cannot manage,\u201d Dr Alice Mwesigwa, the brain behind the association, said.<\/p>\n

\u201cSo we had to find out how we can empower women to improve on their husband\u2019s income. If he can pay school fees, let the woman buy books and uniforms,\u201d she added.<\/p>\n

Dr Mwesigwa said aware of the low incomes of most families and the fact that they did not want to leave any woman behind, they decided to start saving with as little as Shs4000 per month with a target of saving Shs240,000 in five years. \u201cOur module was to capitalise on the big numbers of women in the diocese to get the savings for strategic investment and development. We were sure that at least every woman would manage this money because even doing casual work up to midday in this region earns one not less than Shs5000, so it was achievable,\u201d she said.<\/p>\n

Dr Mwesigwa said they set a target of saving only for five years and then start using their savings for investment in three areas of education, health, and improving household incomes.<\/p>\n

The association treasurer, Ms Jovia Kamugisha, in her financial report to the members during the annual general meeting in Ruharo on Saturday, said they started in 2015 and have since bought land, which is now worth Shs150 million, and have fixed assets of Shs155.5 million.<\/p>\n

\u201cWe now have a membership of 420 members who have fully paid Shs240,000 that was supposed to be paid by each member in five years,\u201d she said.<\/p>\n

The association members agreed that they can now start benefiting from their long-term savings through acquiring loans.<\/p>\n

\u201cWe are putting our money in Ankole Millennium Savings and Credit Cooperative Organisation in the form of shares, and we agreed with members to start buying more shares. The members can now also start borrowing money from the association, and engage in income-generating activities,\u201d Ms Kamugisha said.<\/p>\n

Bishop speaks out<\/p>\n

Ankole Diocese Bishop Sheldon Mwesigwa applauded the women for their strategic thinking and noted that this association will be a game changer in homes and communities.<\/p>\n

\u201cThe culture of saving is very challenging to many people but again most people know that it\u2019s only those that earn much that can save but this is a living example that you can save, invest, and develop even with little earnings,\u201d he said.<\/p>\n

Bishop Mwesigwa promised to lobby for the association to get support from several players in the country and abroad.<\/p>\n

\u201cWe might not give you funds to boost your investment but what you are doing gives us trust to lobby for support from different development players across the region and internationally. Most international organisations are looking at organised groups, mostly for women and youth,\u201d he added.<\/p>\n

Ms Lucky Natukunda, 35, from Rwentanga Bubaare Sub-county in Mbarara District, said the association has taught them about a saving culture.<\/p>\n

Reactions<\/b><\/p>\n

Ms Agnes Buhamizo, 45, a resident of Ihoho in Bugamba Sub-county testified that since she joined the association, her family has been at peace.<\/p>\n

\u201cThere is nothing that brings conflict and violence in a home such as poverty, when I joined ADWIA, we were sensitised on saving and starting at least an income-generating project as a woman at home, I started vegetable growing and began supplying nearby schools and went into beekeeping,\u201d she said.<\/p>\n

\u201cSince then I can tell you my family is happy. My husband can pay fees, I buy other family necessities like clothes, soap, and salt,\u201d she added.<\/p>\n

For More News And Analysis About Uganda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Uganda. Women in Ankole Diocese have started an investment club to improve household incomes and stop dependence on their husbands for support. Under their umbrella body, the Ankole Diocese Women Investment Association (ADWLA), the group says they want to promote strategic investment and development. \u201cWe found out that poverty was high because of […]<\/p>\n","protected":false},"author":84,"featured_media":68166,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[233,240,234],"class_list":["post-68167","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-uganda","tag-uganda"],"yoast_head":"\nHow Ankole women are promoting financial independence - Uganda<\/title>\n<meta name=\"description\" content=\"Women in Ankole Diocese have started an investment club to improve household incomes and stop dependence on their hus ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Ankole women are promoting financial independence\" \/>\n<meta property=\"og:description\" content=\"Women in Ankole Diocese have started an investment club to improve household incomes and stop dependence on their hus ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence\" \/>\n<meta property=\"og:site_name\" content=\"Uganda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T19:15:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/03\/sm_1709646374.354991.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"How Ankole women are promoting financial independence\",\"datePublished\":\"2024-03-05T19:15:43+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence\"},\"wordCount\":655,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/uganda\/sites\/34\/2024\/03\/sm_1709646374.354991.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Uganda\",\"uganda\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence\",\"url\":\"https:\/\/www.africa-press.net\/uganda\/all-news\/how-ankole-women-are-promoting-financial-independence\",\"name\":\"How Ankole women are promoting financial independence - 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