Rubanda Women Advocate for Lower Interest Rates on Loans as Launch of “PWR” Project Marks Empowerment Milestone

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RUBANDA – A Section of women in Rubanda District, are advocating for government support to their local village groups through funding at favorable interest rates.

They believe that such assistance will enable them to access loans they can comfortably repay, thereby enhancing their quality of life.

These sentiments were collectively expressed during a gathering of women from Kagunga Parish in Bufundi Sub County. The event took place at Katiba and Kisiizi primary schools on a Saturday.

Today, women from various villages including Kigabya, Rukore, Bunagana, Kirwa, Butahwa, Mumparo, Bugandaaro, Mutaaba, Murandi, and Kashambya also convened at Mugyera Church of Uganda Parish.

This assembly echoed the same sentiments, coinciding with the launch of the Prosperous Women Rubanda (PWR) project by Hon. Prosy Akampurira Begumisa Mbabazi, the Rubanda District Woman Member of Parliament and Commissioner of Parliament.

The central objective of the PWR project is to equip women with the tools they need to enhance their lives and elevate their living standards.

Several women from different villages, including Miria Orishaba from Muziku village, Ferediyana Nyakwezi from Bugara village, Ninsiima Evanice from Bushaara village, Silivia Tiboruhanga from Kiriba village, and Miriam Tuyisenge from Kagunga village, expressed their concerns.

They highlighted that the current village groups they belong to provide loans to members at a steep 10 percent interest per month, which discourages many from applying due to the high rates.

These women proposed that if the government could extend its support to these village groups with a maximum interest rate of 2 percent per month, it would encourage more members to apply for loans and boost economic activities within the communities.

CUE IN WOMEN…..ON GOV’t………RR//

In response to these concerns, Hon. Akampurira referred to President Yoweri Kaguta Museveni’s announcement in March during Women’s Day celebrations in Kiruhura. The President launched the Growth Opportunities and Productivity for Women Enterprises (GROW) Project, aimed at promoting women’s economic empowerment at the grassroots level.

Hon. Akampurira further elaborated on the significance of the Prosperous Women Rubanda (PWR) project in improving the lives of women with limited savings and income-generating opportunities. She revealed her commitment to allocate 300,000 shillings as seed capital to one group from each village under the project. Her ultimate goal is to reach all 461 villages across the district, with an estimated investment of approximately 700 million shillings.

CUE IN PROSY…..ON PROJECT….RR/ENG//