Women warned against 'predatory' lenders

Business -->
Women warned against 'predatory' lenders
Caption not available

Women have  been urged to be cautious  when acquiring loans for their  businesses especially from financial institutions and moneylenders.

The director programs at Graca Machel Trust, Shiphra Chisha said itis high time financial institutions considered the journey of women in businesses.

“Bring banking to the people at there comfort and language of convenience as well as collaborating together with government and financial institutions to develop business,” Shiphra said.

"We need to make sure that resources are in women’s and daughters hands, financial inclusion and economic development are crucial.”

The Chief Executive Officer at Kampala City Traders Association (KACITA), Mwesigye Abel said most women in business only focus on receiving money and don’t differentiate finances.

“ Start up finances are different from growing business finances but most people don’t different that so they end up in losses”

 

Reader's Comments

RELATED ARTICLES

New National Planning Authority board sworn in
news By Pedson Mumbere
15 hours ago
New National Planning Authority board sworn in
Graduates urged to be agents of change
education By Kenneth Kazibwe
20 hours ago
Graduates urged to be agents of change
Gen. Kainerugaba meets new Italian Ambassador to Uganda
news By BillClinton Nuwahereza
1 day ago
Gen. Kainerugaba meets new Italian Ambassador to Uganda
Budget cuts for agriculture sector worry CSOs
agriculture By saac Otwii
1 day ago
Budget cuts for agriculture sector worry CSOs
LATEST STORIES

Masterclass empowering foreign accountants to excel
news By Muhamadi Matovu
10 hours ago
Masterclass empowering foreign accountants to excel
NRM CEC drops committee leaders
politics By Ramson Muhairwe
10 hours ago
NRM CEC drops committee leaders
Rema's Calm Down makes Afrobeats history in the US
entertainment By NP admin
11 hours ago
Rema's Calm Down makes Afrobeats history in the US