One of the recipients of an Obumwe loan was the New Foundation Parents Association (NFPA). NFPA was constituted in 2009; the group currently has a membership of 25 (2 male, 23 female) and operate based in Katasya village, Nyarurambi parish, Muko Sub County – in the newly constituted Rubanda district, SW Uganda. They received an Obumwe loan in January 2014, which they initially injected into their savings & loans association kit; the proceeds were ploughed back to finance several development initiatives. The loan was repaid on schedule and the group has used the proceeds from the loan to grow over the past two years.
Following a visit to the group on our recent trip to Uganda we were delighted to have been able to offer them our first higher value Obumwe loan. The group will use this to complete the production of 11,000+ bricks, increase the size of their apiary project and invest in agricultural production.
This increase in the scale of the Obumwe micro-finance programme was thanks to a few generous donors who have injected funds into this self-financing programme.
To contribute to the self-financing Obumwe fund click here
Opportunities, not aid.