45 business groups in Lira City has received funding
under the Northern Uganda Social Action Fund (NUSAF) III Village Revolving Funds -VRF.
The money is being given under the livelihood
investment support, a component of NUSAF III program.
Lira as a district received over 544m shillings targeting
32 markets in the City. The markets are clustered into 15 VRFs each comprising different smaller groups. The groups have received a total of 195m shillings
which constitutes 50% of their total benefits.
The district was meant to give 280m shillings under
the first batch but since 12 groups were not well prepared, 71m shillings will
be given to them at a later time.
The benefitting groups are dealing in different businesses
like produce buying and selling, matooke selling, clothes, fish and vegetables and are expected to use the money for four months before refunding
it with an overall interest of 5% back to their Village Revolving Fund account.
However, 7 groups who had applied for the funds are
still undergoing training after failing to meet the standard requirement for
George Ayo Ogwal, the NUSAF Desk Officer for Lira
District Local Government explained that the groups received varied amount of
money depending on the number smaller groups under them.
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will be getting the money, doing the business and returning it or paying back,
that is all because their money is there for their grand, grand children.”
Ayo Ogwal is excited that the women groups are
performing well even in the other components of NUSAF. The project dictates
that at least 50% of beneficiaries should be women.
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Meanwhile Lawrence Egole, the Lira Resident City
Commissioner encouraged other women to create businesses and join groups in
order to benefit from government programmes, saying women always perform better
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Jennifer Adonyo from Note-En-Mar group from
Amuca parish is among the beneficiaries and says the money will help boost
their businesses and in the long run facilitate development of their families.
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Martin Denis Aporo, the general secretary Arikino
Village Saving Association says the interest rate attached to this funding is
very good compared to other financiers whose loans are paid back with 10% interest or more monthly.
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They called on the other beneficiaries to make the
best use of the money in order to be able to progress.
Vox pop luo:
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NUSAF is an affirmative action agency on Northern Uganda by
the government to provide effective income support to and build the resilience
of poor and vulnerable households in Northern Uganda.