THE Resident strict Commissioner (RDC), Apac, Ms Beatrice Akello, has cautioned women against abusing the government’s Women Fund project saying diverting the money for selfish interest leading to non-repayment would attract arrest and prosecution of defaulters in courts of law.
While addressing local leaders at Planning Unit Hall on 30th June 2017, RDC noted that the money under Uganda Women Entrepreneurships Programme (UWEP) was a revolving fund that must be repaid so that others also benefit from this pool. She cautioned women against temptations of diverting the money for senseless expenditures that may affect family or personal development. “If funds received is put into good use as planned for, poverty will be history from families, especially beneficiary women,” she said.
Akello revealed that UWEP is an initiative of the Ugandan Government. It’s a rolling Programme under the Ministry Gender Labour and Social Development.
“It is aimed at improving access to financial services by women and equipping them with skills for enterprise growth, value addition and marketing of their products and services,” she said.
She added that women face challenges in undertaking economically viable enterprises such as limited access to affordable credit, limited technical knowledge and skills for business development, access to markets as well as information regarding business opportunities.
RDC observed that the majority of business women sell their products in the local markets. Often, their products are not of sufficient quality to access the competitive regional and international markets.
Therefore, she said, increased access to affordable credit through UWEP will stimulate growth of high quality and competitive women enterprises in the micro, small and medium enterprise subsector, in which women are key actors in Uganda.
She noted that the program would strengthen the capacity of women for entrepreneurship development, provide affordable credit to enable women establish and grow their business enterprises, facilitate women’s access to markets for their products and services and promote access to appropriate technologies for production and value addition.
By Patrick Opio