Business
Kamwokya market vendors tipped on savings
Publish Date: Apr 09, 2014
Kamwokya market vendors tipped on savings
Pride staff that cleaning Kamwokya market and its surrounding areas. Photo by Patrick Jaramogi
  • mail
  • img
newvision

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.
 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
RwandAir launches Entebbe-Nairobi flights
Ugandans travelling to the Kenyan capital Nairobi by air now have a wider menu to choose from after RwandAir launched flights between Entebbe and Nairobi....
IGG recovers sh632m from corrupt officials
The Deputy IGG, Mariam Wangadya, says sh632m was recovered from corrupt officials last year and paid on to the IGG asset recovery account....
Cleaner low sulphur fuel diesel on market
Effective February 2, 2015, low Sulphur fuel diesel with 50 parts per million (ppm) sulphur content will be on market....
Electricity tribunal hits snag over absence of energy ministry PS
Hearing at the electricity disputes tribunal in the row between Umeme and ERA hits a snag over the absence of Energy ministry PS Kaliisa Kabagambe....
Honda investigating possible exploding airbag death
Honda is probing a deadly crash in the United States possibly linked to exploding air bags blamed for killing at least five people....
Contradictions cloud pensions liberalization
MAJOR contradictions still exist among the major backers of the impending liberalized pensions sector on which to adapt with the liberalization bill expected on the floor of parliament...
Will a ban on Waragi sold in sachets reduce consumption of Alcohol?
Yes
No
Can't Say
follow us
subscribe to our news letter