Over 300 Women, mostly widows and single Mothers have received financial literacy skills from Stanbic Bank Uganda
Speaking to the Women this afternoon from TAKS center in Gulu City, Ms. Pamela Alwoch, the regional Manager of Stanbic Gulu said that they have partnered with International Finance Cooperation(IFC) to do the training.
“We did a survey a found out that most Women were not savings in the Banks for very many reasons.” Said Alwoch
She added that they then convened a training targeting Women after the survey; where mostly they focused on financial literacy and saving skills
” When you save, you should have a vision so that the money is used appropriately.”
Ms Alwoch further said that they have also brought an initiative where Women can open an account where they are not charged for withdrawal and banking charges
” You only need 20,000 shillings and a national ID to open an account and they are giving Women soft loans at 15.5 percent for a whole year.”
Ms Agnes Amito, Chairperson of Widows in Industrial area in Gulu City told Gangwa that she learned saving and investment skills from the training adding that Women should put the skills they have attained into good use.
These Widows were mobilized by Gulu City Woman MP, Hon. Betty Aol Ocan and Laroo-Pece division, MP, Rev. Father Charles Onen.