Microfinancing Program Allows Women of Uganda to Fulfill Their Dreams of Entrepreneurship

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Non-profit organization Kitega Community Centre launches an innovative community banking program aimed at bringing self-sustainment to the village.

For most non-profit organizations working in underdeveloped areas like Africa, the ultimate goal is giving communities the tools they need to become self-sufficient. Kitega Community Centre, located in Kitega village close to the capital of Uganda, has launched a community banking program that is owned and operated by the women of the village.

The Village Community Banking (VICOBA) program was created to provide small loans to finance income-generating enterprises. Women in the village contribute a small portion of their savings into the bank and once a sufficient amount has been collected, the bank makes loans to qualified applicants. The program is designed to combine the community’s resources so that villagers will be helping each other to develop microenterprises such as raising vegetables, cattle, and poultry.

In April 2010 Kitega Community Centre recruited volunteers to train the women of VICOBA in how to manage a community bank. Mary Mandy Matovu, a UN online volunteer involved with training the women, encouraged them to “dream big and to not underestimate themselves.” The women have been working hard to get the program operational and have started making small loans to several entrepreneurs.

Kitega Community Centre plans to monitor the VICOBA program for the next six months to assess the effectiveness of the loans and provide support and additional training as needed. The amount that each woman can deposit is still small, so the available funds cannot help every qualified applicant. Kitega volunteers are seeking donations to increase the bank’s reserve and enable the bank to provide more loans. The donations will be circulating back and forth between the bank and the borrowers; thus, a one-time donation will help the community for many years to come.

In the long term, the VICOBA program launched by Kitega Community Centre will help to improve the economic situation in the community by encouraging villagers to save money, to become entrepreneurs, and to invest their money in sustainable projects.

How you can help: Please visit http://www.kitega-cc.org/ to learn more about Kitega Community Centre’s projects in Uganda and to donate to the VICOBA program.

Kitega Community Centre is a non-profit organization that envisions a future in which all community members have access to quality education, affordable health care, and secure, sustainable employment.

Kitega Community Centre
P.O. Box 70258 Kampala
Kitega Village
Mukono District



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David Clemy
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