||Like it? PLEASE +1 it! Thanks!|
Uganda Success Stories
Josephine Namala, a UWTF client, owns a small retail shop in the remote village of Lukonda in the Kayunga district. Before she began operating her Village Phone business, people in her community had to walk over three miles to make a phone call. In the evenings, large groups of people gather in front of her store with FM radios to listen to call-in radio shows. They use her Village Phone to call the radio stations and make their opinions heard nationally.
Sophia Nalujja has been a successful borrower from UWFT for many years and is currently on her fifth loan cycle. Married with seven children, she runs a small eating establishment in the village of Kiwangula in the Kayunga district and also sells fish. Before joining UWFT, she worked as a farmer earning approximately $27 per month. Through all of her business ventures, she now earns more than $38 weekly. To market her Village Phone business, she has posted signs in nearby villages and has visited local schools to inform them of the services she offers.
Justine Zikusoka operates a small retail shop in the village of Kigando in Kiboga district. She is currently in her 5th loan cycle and earns over 65% more than she earned before joining FINCA. She has used her loans to pay school fees for her children, feed her family and increase the working capital in her business. Since starting her Village Phone business in June, she has sold an average of over 30 minutes per day on her phone. Justine’s success with her Village Phone business has come from actively marketing her services in churches, schools, and through other FINCA clients.
Related ArticlesAnother Microfinance Institution (MFI) Closes in Uganda as Chaos Continues in the Sector
Uganda - Africa's Newest Investment Darling?
Ugandan Government to Set up Laws for Regulating its Microfinance Sector
2.0 Background: Entrepreneurship and Small Business Enterprise Growth in Uganda
4.0 What are Small Scale Enterprises?: Entrepreneurship and Small Business Enterprise Growth in Uganda
9.0 Conclusions: Entrepreneurship and Small Business Enterprise Growth in Uganda
3.0 The Growth of Small Enterprises - the Problem: Entrepreneurship and Small Business Enterprise Growth in Uganda
Not Just Treasure in Heaven Alliance for Christians in Development ACID to Grant Micro Loans to Benefit Ugandan Schoolchildren
1.0 Abstract: Entrepreneurship and Small Business Enterprise Growth in Uganda
Women Entrepreneurs Are Changing The World
Ugandan Government Initiative to Subsidise Solar Power Equipment by 45% to be Implemented by Rural Microfinance Institutions (MFIs)
International Year of Microcredit Advisors Visit Kenya and Uganda: Princess Maxima, Diederik Laman Trip and Marilou van Golstein Brouwers Promote Microfinance on the Continent
Evaluate Traders by Their Stories
Hilton Hotels brings brand to Ghana
The Power of PR Make Yourself Newsworthy
Compassion International Invests USD 5 Million in Opportunity International to Develop Microfinance in Africa
Presentation Secret: Tell a story
5.4 Case Study 4: Enterprise solutions to poverty
Use Storytelling To Market Your Service Business (And You Don't Have To Be A Hero)
Free PDF Download
Conclusion - Microfinance: A Platform for Social Change
By Grameen Foundation
About the Author: Grameen Foundation
RSS for Grameen's articles - Visit Grameen's website
Grameen Foundation's mission is to empower the world's poorest people to lift themselves out of poverty with dignity through access to financial services and to information. With tiny loans, financial services and technology, we help the poor, mostly women, start self-sustaining businesses to escape poverty. Founded in 1997 by a group of friends who were inspired by the work of Grameen Bank in Bangladesh, our global network of microfinance partners reaches over 3.6 million families in 25 countries.
Click here to visit Grameen's website.
More from Grameen Foundation
Capitalism is Interpreted too Narrowly
Grameen Bank Alternative Microfinance Approaches
MFIs A Critical Partner in Disaster Mitigation and Relief
Leaving the factory to weave her own dream
Uganda Success Stories
Related Forum PostsRe: Join an inventor's group
Paranormal Site Traffic
Re: Paranormal Site Traffic
Re: THE SECRET TO SUCCESS IS ALL IN YOUR HEAD...RIGHT NOW!!!
Re: NEW VIDEO - Entrepreneur Ideas - Webinar - (4 of 5) Getting
Share this article. Fund someone's dream.
Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
||Like this page? PLEASE +1 it!|