Fostering rural women nonfarm household enterprise financing through local groups
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Date
2017
Journal Title
Journal ISSN
Volume Title
Publisher
Economic Policy Research Centre
Abstract
Rural women entrepreneurs in Uganda continue to face multiple challenges that impede their enterprise growth and expansion,
despite pragmatic interventions from government and non-state actors to enhance entrepreneurship. Uganda’s female managed
nonfarm household enterprises continue to be micro, informal and face bottlenecks to access high credit to grow their business as they do not have the necessary collateral that formal credit institutions demand. Hence, many resort to borrowing from locally managed community or village credit associations to start or grow their businesses and yet, these financing mechanisms are limited. The Uganda Women Entrepreneurship Programme (UWEP) should therefore ensure that the distribution of funds is equitable taking into consideration the heterogeneities across spatial areas, region, education level and size of business enterprise.