On September 23, dfcu Bank unveiled its GROW initiative in Owino Market, Kampala, a bustling commercial hub where thousands of traders, many of them women, work to grow their businesses. The GROW initiative marks a significant leap forward in supporting Uganda’s women entrepreneurs, offering them tailored financial solutions aimed at overcoming barriers to business expansion.

Speaking at the launch, dfcu’s Executive Director and Chief Financial Officer, Kate K. Kiiza, highlighted the unique challenges faced by women traders, such as limited access to funding and financial services. “We understand that women traders have distinct challenges, including difficulty accessing loans and grants, which often hinder their ability to grow their businesses. As a key partner in the GROW Project, we are committed to addressing these issues,” Kiiza stated.

The initiative will provide women entrepreneurs across Uganda with affordable interest rates, flexible payment plans, and financial literacy programs under dfcu’s Women in Business (WiB) program. WiB has already impacted 80,000 women in Uganda by offering both financial support and essential business skills, further solidifying dfcu’s role in fostering women-led businesses.

[The Telegraph]