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Uganda Development Bank to offer subsidized loans interest rates to women

Uganda Development Bank to offer subsidized loans interest rates to women

Mourice Muhoozi by Mourice Muhoozi
4 years ago
in Business, Finance
95 2
UDB Managing Director Patricia Ojangole

UDB Managing Director Patricia Ojangole

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Uganda Development Bank to offer subsidised loans interest rates to women

Male domination of the entrepreneurial arena in Uganda is likely to slow down, after Uganda Development Bank (UDB) confirming its decision to offer specialized financing solutions to women engaged in business.

Uganda Development Bank Limited has established a new financial strategy to improve its support towards Small and Medium Enterprises, Youth and Women engaged in business within the priority growth sectors of the economy including; Agriculture, Agro-processing and Manufacturing among others.
On November 17th, 2021, the same bank signed a memorandum of understanding (MoU), with Uganda Women Entrepreneurs Association Limited (UWEAL), amongst whose terms was to avail over two million women in Uganda, with financing and business advisory services to support their business initiatives.

Under the new strategy, borrowers can access funding as low as Shs.50 million.


Do you have a story in your community or an opinion to share with us: Email us at editorial@watchdoguganda.com
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Watchdog Uganda is a portal for solution journalism, trending news plus cutting edge commentaries in the fields of politics, security, business, tourism, entertainment, technology, agriculture, climate change, environment, public health et al. We also give preference to Ugandan community news and topical discussions. The portal also publishes community news and topical discussions.

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