Council for Economic Empowerment for Women of Africa - Uganda Chapter (CEEWA- U) - Uganda
- Uganda
- Resources
- Capacity Building
- Financial Literacy
- Financial Literacy
Quick information guide
- 34.8% of business owners in Uganda are women
Advantages for being financially literate
People who are financially literate are able to:
- take sound financial decisions for themselves and their families;
- make informed choices between different financial products and services;
- budget and to plan ahead;
- build up some savings;
- protect themselves against financial risks;
- invest prudently (if they have sufficient money) and
- understand their rights and responsibilities.
How to improve your financial literacy?
- Financial education,
- Information,
- Instruction,
- Training and,
- Advice
For interest in financial literacy and further information on the Uganda Financial Strategy,
Contact: financialliteracy@bou.or.ug
Financial Literacy in Uganda
The Bank of Uganda (BOU) led a development of the Financial Literacy Strategy 2017/18 – 2020/23 that is guiding the interventions of financial education in the country. Financial Literacy Strategy is currently being implemented nationwide, educating people on matters regarding financial literacy and how they can perfectly plan for their money. The strategy was an outcome of a consultation among the different stakeholders.
- knowledge means having an understanding of personal financial issues;
- skills means being able to apply that knowledge to manage one’s personal finances; and
- confidence means feeling sufficiently self-assured to make decisions relating to one’s personal finances.
Financial literacy classes have now widely been taken to various women groups across the country and women have embraced them more than their male counterparts.
Tips for success
The success of a small-scale business is largely determined by the skills and knowledge of its owner. A financially literate businesswoman understands how money is made, spent and saved in her business.
It is important for women in business to be financially literate. Equipping them with financial skills will prevent them from becoming over-indebted or to purchase products and services which do not meet their needs. Financial literacy will also help them escape from being victims of financial frauds.
Council for Economic Empowerment for Women of Africa - Uganda Chapter (CEEWA- U)
| About the (CEEWA- U) | The Council for Economic Empowerment for Women of Africa - Uganda Chapter (CEEWA- U) is a registered non-government, not-for-profit and women membership organization working to promote economic empowerment of women in the development process. It was legally registered in 1997 Registration No: S.5914/1947 - 1881). Its vision is “A Uganda in which women’s economic aspirations, rights and productive potentials are fully recognized and mainstreamed in the framework of equitable and sustainable human development”. The mission is to promote the economic empowerment of women in the development process through gender disaggregated research, advocacy, training, information dissemination and documentation. |
| Financial Literacy programme | CEEEWA organizes financial literacy programs targeting women entrepreneurs in small and medium scale enterprises as well as women leaders in formal institutions but are non-professionals in financial management and accounting. The elements included:
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| What is the enrollment procedure and what is required from participants? | CEEWA-Uganda organizes basic financial literacy programs, based on the available resources, for target beneficiaries in different geographical areas (at community/village level). We target women entrepreneurs in small and medium scale enterprises and women leaders employed in formal sector but are non-professionals in financial management and accounting. We use Media Adverts and CEEWA-U members & staff to mobilize women leaders/managers who are non-professionals in financial management and accounting. CEEWA works closely with the opinion & local councilors to identify potential participants. We target 80% female and 20% male. Requirements from the participants; entrepreneurship evidence, records of business operation, registration documents (certificates) of women groups and evidence of employment and responsibilities in the formal sector. Women professionals complete the application form to provide details mentioned above. |
| Links to e-Learning resources | The resources are not available online but exist in both hard and soft copies at CEEWA Uganda office. |
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| Other initiatives beneficial to women | Talks and advice on eligibility and requirements for credit acquisition by Banks representatives. Support the development of business plans for enterprises owned by individual women and women groups |
| Contacts | Council for Economic Empowerment for Women of Africa - Uganda Chapter (CEEWA- U) |