03-08-2012

FINCA Uganda is Committed to Fighting Poverty among the Youth

For the last 20 years, FINCA Uganda has been committed to breaking the cycle of poverty by providing community-based credit and savings opportunities. Currently, FINCA Uganda has increased its financial solutions offering to include: Savings, Loans and Money transfers. It operates with distinctive, integrated business models and approaches that aim to promote entrepreneurship, greater transparency, sustainability and higher standards of business practices. This has consequently allowed FINCA Uganda to achieve a balanced financial and social performance unmatched in the financial services industry while opening the path to socio-economic development of her customers.

FINCA Uganda has developed a number of youth-targeted financial solutions aimed at scaling up savings among the youth in the country in an effort to help them start business, create jobs, build assets, and improve their standards of living. These include: the Smart Start savings Account, Star Girl Account and Junior Account; with which FINCA Uganda aims to promote and empower the youth with knowledge so they can be able to make informed financial decisions when they become adults. In addition, through strategic partnerships, FINCA Uganda has continued to offer the youth an opportunity to access financial education which equips them with basic financial management and other life skills; such as Savings and investment plans, business management and other entrepreneurial skills.

FINCA Uganda has also invested in technology that has enabled the use of ATMs and Point of Sale Machines using the FINCA Access Card. This has also been possible through its professional staff and engaging into strategic partnerships to harness technology and innovation to bring quality, affordable savings accounts and other financial solutions to the doorsteps of the underserved population. FINCA Uganda believes that increased financial access and customized savings products can play an important role in social and economic development of our communities, of which the youth are the majority. Savings enable families to invest; for example, in education as well as provide the financial safety-net needed to weather difficult times, such as unemployment or illnesses.