Kamwokya market vendors tipped on savings
Apr 09, 2014
In a bid to raise and create awareness about the importance of savings, Pride Microfinance Limited (MDI) on Saturday took the initiative to engage Kamwokya market vendors.
By Patrick Jaramogi
In a bid to raise and create awareness about the importance of savings, Pride Microfinance Limited (MDI) on Saturday took the initiative to engage Kamwokya market vendors.
Over 5,000 Kamwokya market vendors who deal mainly from petty trade, like selling of tomatoes and vegetables are set to benefit from the grass-root roll out initiated by Pride Microfinance.
Deo Kateizi the Head of Corporate Affairs at Pride told New Vision that the roll out that started with a clean-up exercise is intended to sensitize the traders on need to save.
“In business, you can only invest through saving. People must have the culture of saving. But just as we save and do business, there is also need to keep in a clean environment,” said Kateizi.
He said that currently Pride has a loan portfolio of Shs95b and over 70,000 active borrowers have provided financial solutions for the social and economic growth of entrepreneurs in Uganda.
Kateize led a team of Pride staff that cleaned the Kamwokya market and its surrounding area amidst the early morning downpour on Saturday.
Pride also donated cleaning equipment that included wheelbarrows, spades, rubber gloves and brooms to Kampala Capital City Authority (KCCA).
KCCA acting Town Clerk for Kampala Central, Catherine Musingwiri hailed Pride Microfinance for coming out to support KCCA in its effort to clean up Kampala.
“This is agood gesture and a good example to be led by most financial institutions.
It is through such collaboration that we can set Kampala shining like other leading cities of the world,” said Musingwiri.