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
Kenyatta: Human capital biggest asset for E. Africa
Kenyan president Uhuru Kenyatta has strongly emphasized that human capital is the one most important asset necessary for East Africa’s eventual success....
Mbabazi tips young ICT innovators
PRIME Minister Amama Mbabazi has urged young innovators to embrace intellectual rights protection to keep canny people from bamboozling their ideas...
4th Pakasa Forum under way in Kampala
Kenyan president Uhuru Kenyatta, the chief speaker at the fourth edition of the Pakasa Forum, is taking questions after delivering his keynote address....
Kenyatta responds to questions at Pakasa
Kenyan president Uhuru Kenyatta has strongly emphasized that human capital is the one-most important asset necessary for East Africa’s eventual success, saying that young people in the region need to commit themselves to work....
Pakasa Forum: Long queue for tickets at Vision Group offices
People queu outside the Vision Group head office in Industrial Area to receive their passes to the Fourth Pakasa Forum due tomorrow August 23 at Kampala Parents School in Naguru....
Pick your Pakasa access pass at New Vision offices
Access passes to the fourth edition of Vision Group’s Pakasa Forum on Saturday are now available at the New Vision reception on Plot 19/21, First Street, Industrial Area....
Will strict traffic laws reduce road accidents?
Yes
No
Can't Say
follow us
subscribe to our news letter