The State Minister for Transport Hon. Joy Kabatsi working with other development partners have launched a financial literacy project aimed at extending support to rural communities so as to improve on their wellbeing.
At the launch of CHOMI foundation in Kampala last evening, Kabatsi revealed that she adopted this idea from President Museveni’s advice of bringing government funds closer to people.
” The President toured the whole country and after realizing what is on the ground, he suggested that we should put money at district levels so that members of our communities can access it and develop whatever they are doing,” she said.
The minister says she took time in a number of rural communities with her team and realized that most of the people at village level, although many need money, they are not aware of the required procedure.
“Some people in villages have skills, some have businesses like salons, bodabodas but they don’t have enough knowledge on how to access financial assistance from both government and other institutions ”
She added that through this Non-Governmental Organization (NGO) they will train farmers and other enterprising Ugandans on the importance of record keeping, how best they can prepare for, access and properly use funding from various sources.
“The trainings will include financial literacy, basic computer knowledge, record keeping, measuring progress, ploughing back profits, modern farming methods, savings and investment, farm expansion and transition from subsistence to commercial farming among other key disciplines.”
Joshua Muzune the CHOMI foundation Project Manager said although the number of financial institutions in the country have increased, most rural farmers have not benefitted as expected due to lack of knowledge and requirements.
Dr. David Kakuba Director General of the Civil Aviation Authority applauded Kabatsi and the group for having come up with this program aimed at uplifting Ugandans in rural areas
“It comes in line with our core value of assisting societies. The body is willing to give but its weak but we shall be able to contribute 20 million shillings towards this cause.”
This event attracted a number of government officials, Minsters and businessmen who contributed funds for the construction of a state-of-the-art community centre in Sembabule that will have offices, halls for training, a computer room, and stores for produce that residents can utilize as the centre links them to markets.