Bugisu Women Development Initiatives

The Bugisu Women’s Development Initiatives – BWDI, Uganda will be implemented by ODI. ODI is a Community Based Organization registered with the Non-Governmental Organization (NGO) registered with the registrar of companies as a not for profit organization in Uganda.

Project Location & Target Group
The Project is located in Bugisu subregion in eastern Uganda. The Project covers all the districts which comprise bugisu and are part of the greater Mbale. These Districts include, Bududa, Manafwa, Namisindwa, Mbale, Sironko and Bulambuli Districts. The project is to involve 100 poor rural women per quarter from all the districts.

Our Revolving Fund lending programme is based on group lending methodology where needy solidarity groups of 5 people or more form a borrowing group, but each person has her own business to start or run. The group members co-guarantee each other’s loans. There is no collateral, as the poor women and youth lack assets to stake for the loans. But the group members use peer pressure to ensure loan repayments are done on time and in full. A built-in saving scheme enables the poor women and youth grasp the essence of savings and to experience a process of financial discipline for 1 to 2 months period. Savings are handled and managed within and by group members and their group leaders. The groups open up an account with Pride Microfinance (MDI) bank, which is owned by the government and regulated by Bank of Uganda. At least 15% of the required loan should be saved before loans applied for are processed and disbursed to the groups. Business counselling and training continues throughout the loan term provided by Group Mentors and Field Officers.

Our organisation teaches /trains the women groups how to make small savings every week and acquire financial discipline for a period of 4 to 8 weeks in order to accumulate 15% of the required loan. Credit will then be extended to the project beneficiaries. This savings therefore do provide some level of security to our program for the loans and are therefore caveated by our organisation during the loan period. Our repayment rates are 96%. Hence keeping in line with the best practices in the Micro finance Industry.

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Organizer

Kriss Namakola 
Organizer
Renton, WA
North America Masaba Cultural Association 
Registered nonprofit
Donations are 100% tax deductible.
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