On February 19th, our mothers and grandmothers made a significant decision to start their own savings circle after months of discussion.
In Uganda, savings circles are a reliable way for women to manage their finances. Each member contributes a small amount, while a committee ensures accountability by keeping clear records and fostering trust among members.
Our role is to provide support. The women decided to store their funds on a mobile money SIM card that requires approval from three members for withdrawals. This system is practical, transparent, and entirely controlled by them.
Savings circles can become registered associations, which unlock opportunities for grants and income-generating projects. For many women raising children or grandchildren without external support, this opportunity is invaluable.
Empowering a child starts with empowering women. This savings circle is a crucial step toward independence, dignity, and a brighter future.
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