Supporting Farmers through SACCOs and Microcredit Groups

Already raised € 0
Requested budget 2023 € 17.500
Project information
Project code
06014
Sector
Agriculture & Food industry
Funding
Donation
Country
Uganda
Location
Uganda (Regio Rwenzori)
NGO
Humundi
Project duration
4 years (2022-2026)

Context

In Uganda, access to financing remains a major challenge, especially for women and young people, who make up a significant portion of the agricultural workforce. Without access to credit and financial support, their economic independence is limited, which hinders the growth of their agricultural activities.
To address this challenge, the Kabarole Research and Resource Centre (KRC) is working to strengthen financial inclusion in the Rwenzori region through the following actions:

  • Supporting and expanding Savings and Credit Cooperatives (SACCOs)
  • Strengthening microcredit groups (VSLAs - Village Savings and Loan Associations)
  • Developing accessible financial products for farmers
  • Encouraging collaborations between farmers and businesses

Through these initiatives, small-scale farmers—especially women and young people—will be better equipped to manage market risks and implement a more sustainable agroecological business model.

Purpose

The project's objective is to strengthen agricultural financial institutions so that they can better meet the commercial and social needs of farming households.

Why OVO believes in this project

By strengthening several SACCOs and VSLAs, this project facilitates access to finance for farmers and supports marginalized groups such as rural women and youth. Entrepreneurs for Entrepreneurs wants to enable structural change. That’s why we encourage structural partnerships to make a real difference in the long term.

Social impact

Thanks to KRC’s support:
10 SACCOs and 50 VSLAs will be strengthened
5,000 farmers will gain access to financial resources and guidance
✔ Farmers will receive training in business management, credit management, and market access

With this support, farmers will be able to expand their agricultural enterprises, manage loans efficiently, and seize new market opportunities.

Co-funding sought via OVO
2024
€ 16.000
2025
€ 17.500
2026
€ 19.000
Topic
  • Income generating
  • Locally based
  • Sustainable
  • Credit funds
  • Women
  • Agriculture
  • Young people
  • Entrepreneurship
  • Well-being
  • Ecosystems

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