KACITA Women’s League (KAWEL) - 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.
KACITA Women’s League (KAWEL)
| About KAWEL | KACITA Women Entrepreneurs League (KAWEL) is a membership based private organization whose specific objective and mission is to provide innovative female entrepreneurs in Uganda with requisite skills in profitable business management, development and the achievement of women empowerment through economic independence. This is accomplished through the provision of capacity building programs in the area of business management, investment fundraising, market access, networking, lobbying and advocacy. The organization started 2015 and is an affiliate of KACITA Uganda. With over 1000 members we are support growth in business for all categories of women in business. |
| Areas covered |
|
|---|---|
| What is the enrolment procedure and what is required from participants? | Registration (100.000 annually) |
| What are the organisation’s links to e-Learning resources if available on business management (texts and videos) | Facebook page |
| What additional services beneficial to women entrepreneurs are E | |
| vents organised | Trainings from key institutions |
| Contact details | KACITA |