Business
Kamwokya market vendors tipped on savingsPublish Date: Apr 09, 2014
Kamwokya market vendors tipped on savings
  • mail
  • img
Pride staff that cleaning Kamwokya market and its surrounding areas. Photo by Patrick Jaramogi
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
UIA partners with UNRA to develop roads in industrial parks
SINCE opting for the private sector-led growth strategy to spearhead the attainment of Uganda’s growth and development aspirations, the government has, beyond its traditional policy and regulatory role...
Entrepreneurs’ bus comes to Uganda and East Africa
Entrepreneurs’ bus comes to Uganda and East Africa By Billy Rwothungeyo The AMPION Venture Bus this year makes its debut in Uganda and the other East African countries of Kenya, Rwanda and Tanzania....
Businesses cautioned on cyber- crime rise in Uganda
Three Police disciplinary units are in Rwenzori region in western Uganda to hear cases of security personnel accused of poor response to the July 5 attacks that claimed at least 92 lives in Bundibugyo, Ntoroko and Kasese districts....
Makerere University kitchen staff demand sh2.5b terminal benefits
Makerere University kitchen staff, recently redeployed to other departments by the administration, have petitioned court demanding sh2.5b terminal benefits....
Blacklisted contractor petitions court over PPDA suspension
A blacklisted contractor has petitioned court over a three-year suspension penalty by the Public Procurement and Disposal of Public Assets Authority (PPDA)....
National Housing signs pact for affordable houses
National Housing and Construction Corporation (NH&CC) has signed a loan agreement with Shelter Afrique, to provide housing to the rising middle-income class in Kampala district....
With the recent increase of the HIV prevelance rate, Is Uganda losing the fight against the disease?
Yes
No
Can't Say
follow us
subscribe to our news letter