DO WOMEN HOLD THE KEY IN THE DEVELOPMENT OF UGANDA?
Girl-child and women empowerment project, a project run by Ddamulira and sons Foundation, reported in January 2020 that there is currently a 23% (and growing) gender gap in access to finance in Uganda.
There are many factors driving this gender gap. For starters, many of the factors that hold Ugandan women back from financial services—include lack of consistent or regular income and this limits there access to financial service providers hence disproportionately affect women.
In many parts of Uganda, these lower levels of financial literacy compound with limited access to physical bank branches. Particularly in rural areas, the majority of women never travels to or do not know where the nearest bank branch, ATM, money lender, or other financial institution is. However, even in places where banks are accessible, women are less likely than men are to ask a bank or even to ask friends and family, for financial advice.
Women in Uganda certainly appear to approach money matters differently and better understanding these preferences might allow banks to adjust their services and communication to better serve the total addressable market.
As DASF We take actions to skills and provide safe places for girls and women to live healthy without poverty and injustice. Hence they are able to save some money and this can help the build up their business successfully.
SUPPORT OUR GIRL-CHILD AND WOMEN EMPOWERMENT PROJECT BY CONTACTING US USING THE FORM BELOW