Overview:
The GROW project, funded by the World Bank, aims to catapult women-led enterprises from micro to small and medium-sized businesses, tackling entrenched societal barriers that have long hindered their success.
KAMPALA, UGANDA – Finance Trust Bank has empowered over 2000 women entrepreneurs with financial literacy and mindset change training, preparing them to tap into the $217 million Generating Growth Opportunities and Productivity for Women Enterprises (GROW) project.
The GROW project, funded by the World Bank, aims to catapult women-led enterprises from micro to small and medium-sized businesses, tackling entrenched societal barriers that have long hindered their success.
Renowned expert Prof. Waswa Balunywa emphasized the need to recognize and leverage women’s emotional intelligence as a key strength in leadership, urging women to break free from societal limitations and believe in their potential.
Annet Nakawunde, Managing Director of Finance Trust Bank, highlighted the bank’s commitment to empowering women entrepreneurs, stating, “We’re not just providing loans, but equipping them with the skills and knowledge to manage funds wisely and grow their businesses.”
The GROW project adopts a comprehensive approach, comprising four integrated components designed to support women entrepreneurs in transitioning to small or medium-sized enterprises.
As part of the project, Finance Trust Bank will offer loans ranging from shs4 million to shs200 million at an interest rate of 10.5% to support women-led enterprises, drawing on the experiences of successful women entrepreneurs to inspire and motivate participants.