Summary:
- The GROW Project aims to tackle the financial and developmental challenges faced by women entrepreneurs, equipping them with the resources needed to boost their businesses and achieve long-term growth.
MBARARA: DFCU Bank has been selected as the implementing partner for the Government of Uganda’s GROW Project, an initiative designed to support women entrepreneurs in expanding their businesses, sustaining self-employment, and creating jobs nationwide.
This project aligns with DFCU Bank’s ongoing efforts to empower women through innovative financial services, training, and mentorship programs.
The GROW Project aims to tackle the financial and developmental challenges faced by women entrepreneurs, equipping them with the resources needed to boost their businesses and achieve long-term growth.
As part of the initiative, DFCU Bank will manage the disbursement of funds and provide support through its established Women in Business (WiB) program, which has already empowered over 85,000 women across Uganda.
Speaking at the launch, Kate Kiiza, Executive Director and Chief Financial Officer of DFCU Bank, emphasized the bank’s commitment to supporting women entrepreneurs.
“The launch of the GROW Project marks a significant milestone in our journey to empower Ugandan women,” she stated. “Through our Women in Business program, we’ve provided not just financial support, but also the skills, mentorship, and networks needed for success.” Kiiza said.
The GROW Project adopts a holistic approach, focusing on providing women with both financial resources and the skills and confidence to build sustainable businesses.
Margaret Karume, Chief Credit Officer at DFCU Bank, promised a quick turnaround on financial requests as the project rolls out across the country.
Belinda Namutebi, a member of the DFCU Bank Women Business Advisory Council, noted that the GROW Project will enhance the bank’s existing initiatives that support women entrepreneurs throughout their business journeys.
Paul Nuwagaba, Project Manager of GROW at the Private Sector Foundation Uganda (PSFU), expressed confidence in DFCU Bank’s role in ensuring the project’s success.
“With DFCU Bank’s experience in supporting women entrepreneurs and SMEs, we expect real, measurable outcomes such as business growth, job creation, and economic empowerment,” he said.
The GROW Project is poised to significantly impact Uganda’s economy by helping women entrepreneurs scale their businesses and contribute to the nation’s overall economic development.
