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Armed with micro-grants and training, rural Ugandans tackle poverty
by Moraa Obiria
Thomson Reuters Foundation Translate This Article
8 June 2018
On 8 June 2018 Thomson Reuters Foundation reported:
Uganda is one of the 30 poorest countries in the world, with 2017 government figures showing over one quarter of the population lives in poverty. To boost people's income, a project is helping rural Ugandans set up their own businesses by providing seed funding, training, and mentoring.
Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.
The initiative, led by U.S. charity Village Enterprise, selects groups of three would-be entrepreneurs based on an assessment of their poverty level, and requires them to raise part of their business capital themselves. 'By giving people ownership of their enterprise we thought they would have a better chance of success,' said Winnie Auma, the charity's director in Uganda.
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