By Zalimon Basighalha (Good Luck)
Rt. Rev Vincent Kirabo Amooti, Bishop of Hoima Catholic Diocese has commended Uganda Microfinance Support Center for extending its activities and services to the low-income households in Hoima Oil City of Bunyoro region.
According to Bishop Kirabo, rural women, low-income households, and the often tiny businesses they manage are all too often starved of finance in Hoima saying that most formal financial institutions view them as high risk and high cost as the transactions are often small.
Delivering his keynote speech during a Church service on Sunday at Bujwahya Sub-parish Roman Catholic church in Hoima Catholic Diocese, the Church Minister said that Microfinance has shown them that it can break down these barriers and help low-income households to stabilize their income flows and save for future needs.
“Microfinance Support Center is really changing lives of many in Bunyoro region,” Bishop Kirabo asserts. “It is really nurturing small businesses to help diversify economies” He added.
The service that started with the ground breaking ceremony for the construction of a model skills development center for Hoima Diocese Catholic Women Apostolate was attended by a section of top officials from the Microfinance Support including the Deputy Executive Director, Hellen Petronilla Masika.
Earlier on Friday, 11 2022, members of Hoima Diocese Catholic Women Apostolate held their annual general meeting in which they also attained SACCO formationand managerial skills. The training was funded and facilitated by Microfinance Support Center with a call on the members to embrace saving culture.
The Microfinance Support Centre Ltd (MSC) is responsible for the planning, management, budgeting, reporting and accountability of all funds disbursed for the program. This includes funds disbursements to the groups and training of members and leaders.
The District Task Forces headed by the Resident District Commissioners (RDCS) and comprised of District Commercial Officers (DCOs), District Community Development Officers (DCDOs), Local Council V Chairpersons (LCV) and District NRM Chairpersons (DNRMC), are charged with mobilizing communities to participate in the program.