Lira | The Peace Mothers, a women’s association in Lira City, have asked the government to clarify the grow project.
The Grow project, funded by the World Bank, aims to support and financially elevate women-owned businesses.
The association’s chairperson, Anna Okwir Bung, made the request on Monday at a gathering to celebrate members’ savings at MP Okot Okong’s home in Ireda, Lira City.
She stated that the Grow project, which is being implemented by the Ministry of Gender in collaboration with the Ministry of Finance and the Private Sector Foundation in Uganda, is still inaccessible to women in Lira City.
Anna cited high collateral, such as a land title, as one of the requirements for funding.
The chairperson wondered how women would participate in this initiative when few, if any, own property, making it difficult to obtain funding.
Teddy Okot Ogong, secretary of Peace Mothes’ savings group, stated that the annual projection for their savings is shs200 million.
The group currently has 80 registered women.
These women hope to eventually own a bank that will provide low-interest loans to women.
Peace Mothers’ Savings Group empowers women in the Lango sub-region to shape their future and support their families.
On August 28, 2024, Uganda’s Vice President, Jesca Alupo, launched the shs300 billion enterprise loan program under Generating Growth Opportunities and Productivity for Women.
However, the money remains inaccessible to some of the potential beneficiaries.
By Aceng Patricia Amne.
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