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
Determination has enabled Mabirizi live his farming dream
Jackson Mabirizi says his love for farming is inborn and he has been growing Irish potatoes for 15 years. When you go to Bweyongede village in Mubende district and ask Mabirizi, the all village knows him as Mr. Irish....
Farmers asked to practice “climate smart agriculture”
Experts Monday asked farmers to use fertilizers and improved seeds and engage in climate change friendly practices to improve production....
MUBS student’s love affair with farming
He wears gumboots and dips his hands in chicken feed with same enthusiasm his contemporaries feel over a beer and music...
Sh7b earmarked to fix Rwenzori Mountain infrastructure
Government is committing sh7b in the next three years to revamping the general infrastructure around the Rwenzori Mountains....
IN an effort to promote industrialization, Wakiso district Physical Planning Committee has approved a detailed industrial plan for Ssanga and Kiryamuli proposed industrial zones...
Dollar edges down ahead of Fed meeting
THE dollar edged down Monday following weak US housing figures, as traders await the start of the Federal Reserve''s latest policy meeting...
Should government create more constituencies?
Yes
No
Can't Say
follow us
subscribe to our news letter