Comments on: Microfinance in Uganda – Part 1 of 2 http://daninuganda.wordpress.com/2008/08/04/microfinance-in-uganda-part-1-of-2/ A University of Minnesota MBA Student's Internship with a Ugandan NGO Partnering to Build Capacity through Income Generating Enterprise Thu, 12 Nov 2009 22:10:52 +0000 http://wordpress.com/ hourly 1 By: John Kasumba http://daninuganda.wordpress.com/2008/08/04/microfinance-in-uganda-part-1-of-2/#comment-51 John Kasumba Tue, 07 Jul 2009 10:11:03 +0000 http://daninuganda.wordpress.com/?p=42#comment-51 Hi Dan, Iam working on a new project called Finance Salvation Uganda and this new initiative will work in two Districts I.e. Mityana and Mubende, targeting christian families that are economically active with viable Agriculture projects and are able to utilize the available opportunities of income generation to improve their standards of living. Our major objective is to provide affordable, quick and cost effective micro-finance services to families so as to improve their households income, Nutrition and food Security. We are currently looking for organizations, Companies, churches or individuals which can come in and stand with us to make our dreams come true. Hi Dan,
Iam working on a new project called Finance Salvation Uganda and this new initiative will work in two Districts I.e. Mityana and Mubende, targeting christian families that are economically active with viable Agriculture projects and are able to utilize the available opportunities of income generation to improve their standards of living.
Our major objective is to provide affordable, quick and cost effective micro-finance services to families so as to improve their households income, Nutrition and food Security.

We are currently looking for organizations, Companies, churches or individuals which can come in and stand with us to make our dreams come true.

]]> By: Medard Mbamanyire http://daninuganda.wordpress.com/2008/08/04/microfinance-in-uganda-part-1-of-2/#comment-44 Medard Mbamanyire Fri, 02 Jan 2009 12:58:57 +0000 http://daninuganda.wordpress.com/?p=42#comment-44 Financial management skills for the staff in microfinance institutions in Uganda are become less and less of a challenge, thanks to an increasing number of Graduates and diploma holders willing to work for these microfinance institutions. Most of these people are usually first time workers that are trying to acquire experience and earn a living and in most cases are running away from the ''heat'' of unemployment. Besides, on job training can swiftly be organised for the staff to close the gaps in technical skills. Considering the above reason, the most relevant need of the hour for these microfinance institutions in uganda especially those un regulated (Tier 4) is need for a regulation by Govt and training of clients in business and enterepreneur skills so that they (clients) are able to start and sustainably manage income generating projects to help them come out of poverty and be able to service the loans. No one would not wish to see a situation where the entire rural economic situation is worsened by people acquiring loans and buying non income generating assets (TVs, Posh Cars, Fridges e.t.c) and eventually finding problems in servicing the loans. This would become a terrible Credit Crunch for the whole of Uganda as people lose their property to banks and financial institutions are no longer willing to lend any more! Community leaders and all opinion leaders should ensure that the people are carefully mobilised to guard against this. Medard Mbamanyire is a Certified Public Accountant and is currently Working on His research for the Master of Science in Accounting and Finance Financial management skills for the staff in microfinance institutions in Uganda are become less and less of a challenge, thanks to an increasing number of Graduates and diploma holders willing to work for these microfinance institutions. Most of these people are usually first time workers that are trying to acquire experience and earn a living and in most cases are running away from the ”heat” of unemployment. Besides, on job training can swiftly be organised for the staff to close the gaps in technical skills.

Considering the above reason, the most relevant need of the hour for these microfinance institutions in uganda especially those un regulated (Tier 4) is need for a regulation by Govt and training of clients in business and enterepreneur skills so that they (clients) are able to start and sustainably manage income generating projects to help them come out of poverty and be able to service the loans.
No one would not wish to see a situation where the entire rural economic situation is worsened by people acquiring loans and buying non income generating assets (TVs, Posh Cars, Fridges e.t.c) and eventually finding problems in servicing the loans.
This would become a terrible Credit Crunch for the whole of Uganda as people lose their property to banks and financial institutions are no longer willing to lend any more!
Community leaders and all opinion leaders should ensure that the people are carefully mobilised to guard against this.

Medard Mbamanyire is a Certified Public Accountant and is currently Working on His research for the Master of Science in Accounting and Finance

]]> By: PS http://daninuganda.wordpress.com/2008/08/04/microfinance-in-uganda-part-1-of-2/#comment-42 PS Fri, 21 Nov 2008 14:02:10 +0000 http://daninuganda.wordpress.com/?p=42#comment-42 What's happening in your world? You haven't posted is a long time? What’s happening in your world? You haven’t posted is a long time?

]]> By: John http://daninuganda.wordpress.com/2008/08/04/microfinance-in-uganda-part-1-of-2/#comment-34 John Sat, 09 Aug 2008 02:28:49 +0000 http://daninuganda.wordpress.com/?p=42#comment-34 I also try to stay updated on blogs about Uganda. My wife and I have been sponsoring a child for the past several years through Compassion International, and will be traveling to Uganda for 10 days at the end of October to visit him. I've always been very interested in microfinance and hope to observe this firsthand during our trip. The subject of teaching accounting skills to businesspeople in developing nations is also something I've been researching for the past year or so. I'd love to hear more about your experiences. I also try to stay updated on blogs about Uganda. My wife and I have been sponsoring a child for the past several years through Compassion International, and will be traveling to Uganda for 10 days at the end of October to visit him. I’ve always been very interested in microfinance and hope to observe this firsthand during our trip. The subject of teaching accounting skills to businesspeople in developing nations is also something I’ve been researching for the past year or so. I’d love to hear more about your experiences.

]]> By: Hitting the Microfinance Links - August 5th | myKRO http://daninuganda.wordpress.com/2008/08/04/microfinance-in-uganda-part-1-of-2/#comment-33 Hitting the Microfinance Links - August 5th | myKRO Tue, 05 Aug 2008 03:49:52 +0000 http://daninuganda.wordpress.com/?p=42#comment-33 [...] Microfinance in Uganda - Part 1 of 2 [...] [...] Microfinance in Uganda – Part 1 of 2 [...]

]]> By: PS http://daninuganda.wordpress.com/2008/08/04/microfinance-in-uganda-part-1-of-2/#comment-32 PS Mon, 04 Aug 2008 18:38:11 +0000 http://daninuganda.wordpress.com/?p=42#comment-32 I look weekly for blogs about Uganda, so I found yours. I was in Uganda in Nov. 2007, in Kampala, Wobulenzi, and Kamuli. My husband and young daughter were in the Kamuli district 5 years ago and since then, we've been helping support a secondary school there, in the country side. It is mainly for "needy children" which often might mean AIDS orphans. It is run by Robert Bwamiki, a very committed, energetic, visionary man, whose dreams most often outstrip his sources of income for the school. They have done a lot with a little, but they are on the verge of getting a center number which will give some status to the school. I would urge you to meet him if you are on the other side of the Nile at any time. He is desperately in need of new ways to finance the Royal College (secondary school) of Kamuli. I've been desperately trying to find a way to raise more funds than we have privately to help support the school. I started a blog about the school, http://royalcollegeu.blogspot.com/ but I haven't got any good new photos to post. I can be contacted through my websites, and if you contact me privately, I can put you in contact with Mr. Bwamiki through email or cell phone. Sincerely PS I look weekly for blogs about Uganda, so I found yours. I was in Uganda in Nov. 2007, in Kampala, Wobulenzi, and Kamuli. My husband and young daughter were in the Kamuli district 5 years ago and since then, we’ve been helping support a secondary school there, in the country side. It is mainly for “needy children” which often might mean AIDS orphans. It is run by Robert Bwamiki, a very committed, energetic, visionary man, whose dreams most often outstrip his sources of income for the school. They have done a lot with a little, but they are on the verge of getting a center number which will give some status to the school.

I would urge you to meet him if you are on the other side of the Nile at any time. He is desperately in need of new ways to finance the Royal College (secondary school) of Kamuli.

I’ve been desperately trying to find a way to raise more funds than we have privately to help support the school. I started a blog about the school, http://royalcollegeu.blogspot.com/
but I haven’t got any good new photos to post.

I can be contacted through my websites, and if you contact me privately, I can put you in contact with Mr. Bwamiki through email or cell phone.

Sincerely
PS

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